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G7 ministers agree to speed up transition to clean energy -communique

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Japan’s Minister of Economy, Trade and Industry Yasutoshi Nishimura, Environment Minister Akihiro Nishimura and other delegates attend the photo session of G7 Ministers’ Meeting on Climate, Energy and Environment in Sapporo, Japan April 15, 2023, in this photo released by Kyodo. Mandatory credit Kyodo via REUTERS

The Group of Seven rich nations have agreed to speed up the development of renewable energy and accelerate the phasing out of unabated fossil fuels by 2050, the group said in a communique released on Sunday.

The ministers also recognised the need to reduce consumption of gas but said that investment in the sector can be appropriate to help address potential market shortfalls, according to the G7 communique issued after two days of ministerial talks in the northern Japanese city of Sapporo.

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