Daily Management Review

G7 countries to step up green transition


G7 foreign ministers issued a statement that calls to keep "any country from using energy exports for geopolitical coercion". Consequently, the G7 governments intend to implement clean energy on a global scale.

In order to prevent any government from utilizing energy exports as a tool for geopolitical coercion, the statement reads, "We reaffirm our determination to strengthen global energy governance and ensure liquidity of energy markets."

The G7 also reaffirmed its commitment to stopping biodiversity loss by 2030 and reaching net zero greenhouse gas emissions by 2025.

"We acknowledge that it is vital to achieve energy security while speeding the switch to net-zero greenhouse gas emissions by 2050 and preventing and reversing biodiversity loss by 2030. In order to expedite the decarbonization of the world's energy systems, the states reaffirm their commitment to decreasing energy consumption, promoting energy efficiency, and developing and deploying clean, safe, and sustainable energy while reducing reliance on fossil fuels."

source: reuters.com