G7 Ministers Pledge to Expedite Renewable Energy Projects

The ministers are aiming to increase solar and offshore wind power capacity to 1 TW and 150 GW respectively by 2030. They agreed to cut gas consumption and speed-up renewable energy during climate and energy talks in Sapporo, Japan.

April 15, 2023. By Anurima Mondal

The Group of Seven rich nations has agreed to ramp up electricity generation from renewable sources and reduce gas consumption during a meeting on climate, energy and environment held in Sapporo, northern Japan on April 15. The countries would be focussing on achieving targets for solar and wind power and phasing out fossil fuels faster.

According to the reports, the ministers are aiming to increase solar and offshore wind power capacity to 1 TW and 150 GW respectively by 2030. The event also emphasised the need to help emerging countries reduce emissions through various means including financing.

In his opening remarks, Yasutoshi Nishimura, Economy and Trade Minister, Japan said, “We, the G7, need to not only reduce our own emissions but also take concrete actions to achieve emission reductions globally.” He emphasised the need to discuss ways to use finance to help reduce carbon in “hard-to-abate” industries such as chemicals, shipping and steel.
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Sultan Al Jaber, Minister of Industry and Advanced Technology, the United Arab Emirates discussed the importance of ‘Smart’ government regulation to help make hydrogen and carbon capture technologies more viable along with the need to expand nuclear investment.

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