By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
PratapDarpanPratapDarpanPratapDarpan
  • Top News
  • India
  • Buisness
    • Market Insight
  • Entertainment
    • CELEBRITY TRENDS
  • World News
  • LifeStyle
  • Sports
  • Gujarat
  • Tech hub
  • E-paper
Reading: G7 summit failed on climate commitments and gas investments: Experts
Share
Notification Show More
Font ResizerAa
Font ResizerAa
PratapDarpanPratapDarpan
  • Top News
  • India
  • Buisness
  • Entertainment
  • World News
  • LifeStyle
  • Sports
  • Gujarat
  • Tech hub
  • E-paper
Search
  • Top News
  • India
  • Buisness
    • Market Insight
  • Entertainment
    • CELEBRITY TRENDS
  • World News
  • LifeStyle
  • Sports
  • Gujarat
  • Tech hub
  • E-paper
Have an existing account? Sign In
Follow US
  • Contact Us
  • About Us
  • About Us
  • Privacy Policy
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
PratapDarpan > Blog > World News > G7 summit failed on climate commitments and gas investments: Experts
World News

G7 summit failed on climate commitments and gas investments: Experts

PratapDarpan
Last updated: 15 June 2024 13:00
PratapDarpan
12 months ago
Share
G7 summit failed on climate commitments and gas investments: Experts
SHARE

Contents
G7 summit failed on climate commitments and gas investments: ExpertsExperts have said the G7 summit in Italy failed to deliver new climate commitments, reiterating existing targets for a coal phaseout and climate finance, and criticising activists for insufficient action.no proofhalf cooked

G7 summit failed on climate commitments and gas investments: Experts

Experts have said the G7 summit in Italy failed to deliver new climate commitments, reiterating existing targets for a coal phaseout and climate finance, and criticising activists for insufficient action.

G7 summit failed on climate commitments and gas investments: Experts
G7 summit in Italy (Photo: AFP)

The G-7’s rich democracies failed to make any significant progress on climate during a summit in Italy, instead reiterating their previous commitments, experts and activists said on Friday.

“G7 leaders could have stayed home. No new commitments were made,” said Frederique Roeder, vice president of Global Citizen.

The leaders meeting in Puglia reaffirmed a pledge made by their environment ministers in April to “phase out unabated coal power generation in our energy systems during the first half of the 2030s.”

But they left some wiggle room: Countries could commit to phasing it out “in line with countries’ net-zero pathways, while keeping the 1.5°C temperature rise limit within reach,” according to the final statement.

“The G7 plan to phase out coal to stay below 1.5°C is too little, too late, and gas is neither cheap nor a bridge to a safe climate,” said Tracey Carty, a Greenpeace climate politics expert.

The G-7 groups make up about 38 percent of the global economy and were responsible for 21 percent of total greenhouse gas emissions in 2021, according to the Climate Analytics Policy Institute.

Nicola Flamignani of climate-focused communications firm GSCC said the group, which accounts for about 30 percent of fossil fuel production, has “left the door open for continued public investment in gas.”

Britain, Canada, France, Germany, Italy, Japan and the United States also stressed the need to agree on a new post-2025 climate financing target, to which they would be leading contributors – but again, this was nothing new.

no proof

Dozens of climate protesters picketed outside the G7 media centre in Bari, wearing T-shirts depicting an olive tree in flames erupting from the red-hot Mediterranean Sea.

Europe is the fastest warming continent and the Mediterranean Sea is particularly vulnerable to extreme weather events caused by climate change, from droughts to floods.

Italian Prime Minister Giorgia Meloni, whose hard-right government voted against the European Green Deal, told the summit that climate change needed to be tackled “without ideological approaches”.

But activists charged that the attendance of the CEO of Italian oil and gas giant ENI at a leaders’ roundtable on Africa, energy and climate showed how closely Rome’s political and fossil fuel interests are entangled.

“There is no evidence that gas meets people’s needs in Africa better and cheaper than clean energy and widespread electrification,” Luca Bergamaschi, co-founder of the ECCO think tank, told AFP.

“On the contrary, gas investments in Africa have a negative impact on public budgets and are a major factor in exacerbating the debt crisis,” he said.

Experts also pointed to the G7’s lack of commitment to remain a leading contributor to the World Bank’s International Development Association (IDA), which helps African countries fight climate change.

half cooked

The G-7 announced a new Energy for Development initiative in Africa, launched with a number of countries from Ivory Coast to Ethiopia and Kenya, but did not say what – if any – funding it would provide.

It also unveiled the Apulia Food Systems Initiative – the G7’s fourth major food security initiative in 15 years – as part of a G7 effort to tackle the root causes of unwanted migration.

Nga Celestin, permanent secretary of the Regional Forum of Farmers’ Organisations in Central Africa (PROPAC), said it was an “incomplete” initiative that would not succeed without involving family farmers.

Africa’s small farmers produce 70 per cent of the continent’s food, according to the United Nations, and experts say previous G7 initiatives have failed because of a failure to include them.

The ONE Campaign criticised the G7’s “nonsense in Puglia”, and executive director David McNair said “this year’s summit completely missed the mark.”

#summit #failed #climate #commitments #gas #investments #Experts

You Might Also Like

"Fake": Center rejects ‘secret memo’ on Indian diplomats
Comedian who joked about Trump
israel plan "significant retaliation in a few days"what could it be
Man opens plane’s emergency door during landing, climbs onto wing
Amidst tension with Trump, review of purchase of Canada F -35 jets: Report
Share This Article
Facebook Email Print
Previous Article 191 smallcap stocks post double-digit gains in positive market week 191 smallcap stocks post double-digit gains in positive market week
Next Article Manushi Chillar’s Tuscany trip is pure goals, 5 places in Italy you must visit Manushi Chillar’s Tuscany trip is pure goals, 5 places in Italy you must visit
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Zero spam, Unsubscribe at any time.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up