G7 ministers set big new targets

JAPAN - The Group of Seven rich nations yesterday set big new targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move towards a quicker phase-out of fossil fuels.

But they stopped short of endorsing a 2030 deadline for phasing out of coal that Canada and some other members had pushed for, and left the door open for continued investment in gas, saying that sector could help address potential energy shortfalls.

Meetings

after Russia’s invasion of Ukraine.

“Initially people said that climate action and action on energy security potentially were in conflict. But discussions which we had and which are reflected in the communique are that they actually work together,” said Jonathan Wilkinson, Canada’s Minister of Natural Resources.

Pledged

In their communique, the members pledged to collectively increase offshore wind capacity by 150 gigawatts by 2030 and solar capacity to more than one terawatt.

“We will drastically increase electricity generated by renewable energies,” they said.

They agreed to accelerate ‘the phaseout of unabated fossil fuels’ - the burning of fossil fuels without using technology to capture the resulting

C02 emissions - to achieve net zero in energy systems by 2050 at the latest.

On coal, the countries agreed to prioritise ‘concrete and timely steps’ towards accelerating the phase-out of ‘domestic, unabated coal power generation’, as a part of a commitment last year to achieve at least a ‘predominantly’ decarbonised power sector by 2035.

Canada was clear that unabated coal-fired power should be phased out by 2030, and Ottawa, Britain and some other G7 members committed to that date, Canada’s Wilkinson told Reuters.

“Others are still trying to figure out how they could get there within their relevant time frame - it was a good conversation and everybody is committed to doing and we are trying to find ways to some who are more coal-dependent than others to find technical pathways how to do that,” he said.

Commitments

“The solar and wind commitments are huge statements to the importance that they will rely on the energy superpowers of solar and wind to phase out fossil fuels,” said Dave Jones, who is Head of Data Insights at energy thinktank Ember.

“Hopefully this will provide a challenge to Japan, for which offshore wind is the missing part of the jigsaw that could see its power sector decarbonise much quicker than it said possible.”

Host country Japan, which depends on imports for nearly all its energy needs, wants to keep liquefied natural gas (LNG) as a transition fuel for at least 10 to 15 years.