Zürcher Nachrichten - Fossil fuel pledges divide G7 in 'critical decade' for climate

EUR -
AED 4.351869
AFN 77.023985
ALL 96.63237
AMD 452.823666
ANG 2.121224
AOA 1086.634242
ARS 1714.678669
AUD 1.704125
AWG 2.135942
AZN 2.016552
BAM 1.955039
BBD 2.405763
BDT 145.96316
BGN 1.990034
BHD 0.448925
BIF 3538.721986
BMD 1.184989
BND 1.512711
BOB 8.253786
BRL 6.228891
BSD 1.194435
BTN 109.687287
BWP 15.628914
BYN 3.402075
BYR 23225.775647
BZD 2.402265
CAD 1.612331
CDF 2683.999101
CHF 0.915765
CLF 0.026002
CLP 1026.709185
CNY 8.237744
CNH 8.246608
COP 4348.606608
CRC 591.469676
CUC 1.184989
CUP 31.402197
CVE 110.222078
CZK 24.343237
DJF 212.697174
DKK 7.467211
DOP 75.200716
DZD 154.410871
EGP 55.902865
ERN 17.774828
ETB 185.552144
FJD 2.612485
FKP 0.865555
GBP 0.865271
GEL 3.193574
GGP 0.865555
GHS 13.084905
GIP 0.865555
GMD 86.504497
GNF 10480.918624
GTQ 9.161432
GYD 249.892689
HKD 9.256278
HNL 31.526723
HRK 7.534037
HTG 156.319128
HUF 380.877851
IDR 19876.405501
ILS 3.662095
IMP 0.865555
INR 108.656932
IQD 1564.790655
IRR 49917.642999
ISK 144.93564
JEP 0.865555
JMD 187.177111
JOD 0.840116
JPY 183.471566
KES 154.209949
KGS 103.627087
KHR 4803.129613
KMF 491.769793
KPW 1066.4897
KRW 1719.182195
KWD 0.363696
KYD 0.995412
KZT 600.736067
LAK 25704.990216
LBP 106962.747619
LKR 369.386157
LRD 215.296161
LSL 18.965415
LTL 3.498963
LVL 0.716788
LYD 7.495081
MAD 10.834781
MDL 20.090177
MGA 5337.921359
MKD 61.616006
MMK 2488.865218
MNT 4226.121106
MOP 9.60526
MRU 47.658441
MUR 53.834423
MVR 18.319442
MWK 2071.193456
MXN 20.620577
MYR 4.671242
MZN 75.555046
NAD 18.965415
NGN 1642.962557
NIO 43.952884
NOK 11.418882
NPR 175.499659
NZD 1.97076
OMR 0.457862
PAB 1.194435
PEN 3.993545
PGK 5.113009
PHP 69.813597
PKR 334.176468
PLN 4.213363
PYG 8000.884374
QAR 4.354904
RON 5.095326
RSD 117.354301
RUB 90.534923
RWF 1742.721367
SAR 4.44571
SBD 9.54107
SCR 17.197303
SDG 712.773565
SEK 10.560067
SGD 1.50588
SHP 0.889048
SLE 28.824866
SLL 24848.616602
SOS 682.634175
SRD 45.089405
STD 24526.870573
STN 24.490463
SVC 10.45093
SYP 13105.469656
SZL 18.959617
THB 37.213986
TJS 11.150158
TMT 4.14746
TND 3.431864
TOP 2.853168
TRY 51.538109
TTD 8.109842
TWD 37.443255
TZS 3075.70229
UAH 51.194065
UGX 4270.337087
USD 1.184989
UYU 46.35195
UZS 14602.313711
VES 409.936611
VND 30738.603075
VUV 140.766514
WST 3.212244
XAF 655.701663
XAG 0.013999
XAU 0.000244
XCD 3.202491
XCG 2.152662
XDR 0.815482
XOF 655.701663
XPF 119.331742
YER 282.412399
ZAR 19.100534
ZMK 10666.318069
ZMW 23.440872
ZWL 381.565831
  • RBGPF

    1.3800

    83.78

    +1.65%

  • SCS

    0.0200

    16.14

    +0.12%

  • AZN

    0.1800

    92.77

    +0.19%

  • RIO

    -4.1000

    91.03

    -4.5%

  • BTI

    0.4600

    60.68

    +0.76%

  • RYCEF

    -0.4300

    16

    -2.69%

  • CMSC

    0.0500

    23.76

    +0.21%

  • RELX

    -0.3700

    35.8

    -1.03%

  • BP

    -0.1600

    37.88

    -0.42%

  • GSK

    0.9400

    51.6

    +1.82%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • BCE

    0.3700

    25.86

    +1.43%

  • BCC

    0.5100

    80.81

    +0.63%

  • NGG

    0.2000

    85.27

    +0.23%

  • VOD

    -0.0600

    14.65

    -0.41%

  • JRI

    0.1400

    13.08

    +1.07%

Fossil fuel pledges divide G7 in 'critical decade' for climate
Fossil fuel pledges divide G7 in 'critical decade' for climate / Photo: Philip FONG - AFP/File

Fossil fuel pledges divide G7 in 'critical decade' for climate

G7 allies meet this week for climate talks that are likely to urge more action in a "critical decade", but could also lay bare divisions on ambitious fossil fuel commitments.

Text size:

The world's leading developed economies are all targeting net-zero emissions by 2050 or sooner after signing the Paris Agreement to cap global warming at well under two degrees Celsius.

But they differ on how to respond to the energy squeeze caused by Russia's war in Ukraine, with host Japan among those arguing for more leeway on fossil fuels to protect energy security.

Britain, backed by France, has proposed new targets on the phase-out of domestic coal power in a draft statement seen by AFP ahead of the minister-level talks, which kick off in Sapporo on Saturday.

Pushback from Japan -- which remains heavily dependent on imported fossil fuels after the 2011 Fukushima nuclear plant disaster -- could sink those efforts.

There are also divisions over natural gas, with Japan leading those pushing the group to recognise overseas investments in the fuel as a "necessary" step in the global transition to clean energy.

Campaigners say Japan's reluctance to embrace ambitious fossil fuel targets sends the wrong message.

Japan is "actively working to increase reliance on liquid natural gas and other kinds of gas-based fuels" in Asia, Susanne Wong, Asia Program Manager at Oil Change International, told AFP.

"While there's an urgent need to shift from fossil fuels, and the war has shown how risky the strategy is of relying so heavily on imported fossil fuels, they're encouraging governments to import LNG across the region."

- 'Exceptional circumstances' -

At last year's meeting in Germany, the G7 climate ministers pledged to largely decarbonise their electricity sectors by 2035.

They also agreed to end new direct public support in 2022 for overseas fossil fuel projects that take no steps to offset carbon dioxide emissions.

But this commitment was watered down the following month, when G7 leaders said the "exceptional circumstances" of the Ukraine war made gas investments "appropriate as a temporary response".

The language now sought by Japan -- with backing from G7 partners that include the United States, Canada, Germany and Italy -- would solidify that exception.

The meeting comes after a major UN climate report last month warned the world will see 1.5C of warming in about a decade, calling for "rapid and far-reaching" efforts to keep temperature increases within relatively safe limits.

And the draft final statement by the G7 environment ministers calls for all major economies to take action "in this critical decade".

It also urges a peak in global greenhouse gas emissions by 2025 at the latest -- language that experts say is aimed at China, the world's largest carbon emitter.

China is targeting a peak of its carbon emissions by 2030.

Other phrasing will be more contentious, including Japan's push for recognition of nuclear power and endorsement of its plan to start releasing treated water from the Fukushima plant into the sea this year.

It also wants G7 recognition for its controversial strategy of burning hydrogen and ammonia alongside fossil fuels to reduce carbon emissions, which climate activists say only serves to extend the lifespan of polluting plants.

- Japan 'biggest obstacle' -

Coal may prove the largest stumbling block, with Britain seeking a 2030 deadline to complete an "accelerated phase-out of domestic unabated coal power generation" to keep the 1.5C goal within reach.

But Japan's preferred language would be a more general pledge to prioritise "concrete and timely steps" towards the phase-out.

Friederike Roder, vice president of the NGO Global Citizen, warned the meeting's language would be critical ahead of the G20 summit in India and COP28 in Dubai.

"We're trying to avoid going backwards" on pledges, she told AFP.

"Japan is certainly the biggest obstacle -- and this year it is G7 president."

Governments around the world will also be looking for action on resilience funding for the developing nations most affected by climate change.

Multi-billion-dollar investment plans have been announced for countries such as South Africa and Indonesia to transition to clean energy from fossil fuels.

But these remain "very ad hoc", said Alex Scott from the climate think-tank E3G.

The G7 needs to "offer some credibility and clarity on what they're going to do to help countries adapt to climate change", she said.

O.Hofer--NZN