The leaders of the G7, whose members include the US, Germany, France, the UK, Japan, Canada and Italy are meeting in Bavaria, Germany. Their meeting has heralded a historic result with the leaders pledging to phase out fossil fuels entirely this century.
Martin Kaiser, head of international climate politics at Greenpeace had this to add:"The vision of a 100 per cent renewable energy future is starting to take shape while spelling out the end of coal"
The pieces are starting to come together. It's been an incredible effort, which we must continue and we're still not assured that current actions will lead us to where climate scientists say we need to be to avoid the worst effects of climate change.
Financial Times
G7 leaders meeting in Bavaria, Germany, said that in line with scientific findings, âdeep cuts in global greenhouse gas emissions are required with a decarbonisation of the global economy over the course of this centuryâ.
The G7 leaders are supporting cutting greenhouse gases by 40 to 70 percent by 2050 from 2010 levels.
Angela Merkel, the German chancellor, said the cuts would have to be at the upper end of this target because â40 per cent is clearly not enoughâ. The leaders also reaffirmed a pledge to mobilise $100bn a year from public and private sources by 2020 to help poorer nations tackle climate change.
Climate campaigners said the decisions taken by the worldâs wealthiest democracies would boost negotiations among nearly 200 countries aimed at finalising a global climate deal in Paris in December.
The announcement was a signal to global financial interests that the era of
fossil fuels is over.
This is good news but we can't rest. We must fight every pipeline, push for divestment and do the work that will make a secure future happen.