28th April 2023
An article from the We Mean Business website points to the importance of switching from fossil to renewal energy to limit the rise in global temperatures. It is hoped that this will be the basis of the outcomes from the G7 meeting in Japan next month
“The Group of Seven nations’ energy ministers agreed this week to accelerate the phase out of all fossil fuels as an essential step in our efforts to limit global temperature rise to 1.5°C.
To replace them with clean energy in the timescale required means immediately repurposing billions of dollars’ worth of fossil fuel subsidies that G7 nations still offer.
In 2021, G7 fossil fuel subsidies came to over $80 billion. Redirecting this capital towards scaling up renewables, increasing energy efficiency and supporting communities affected by this transition will put our climate goals within reach.”