The Japan Times - G7 urged to be 'bold' in climate hotspot Italy

EUR -
AED 4.269911
AFN 72.658748
ALL 94.915795
AMD 428.055222
ANG 2.081348
AOA 1067.143961
ARS 1621.632758
AUD 1.623964
AWG 2.093891
AZN 1.980807
BAM 1.952467
BBD 2.342302
BDT 142.748177
BGN 1.941225
BHD 0.438541
BIF 3460.079226
BMD 1.162466
BND 1.486688
BOB 8.03642
BRL 5.90289
BSD 1.162915
BTN 111.545516
BWP 16.450203
BYN 3.236331
BYR 22784.328181
BZD 2.338948
CAD 1.597914
CDF 2612.64627
CHF 0.914594
CLF 0.026805
CLP 1054.879981
CNY 7.91628
CNH 7.92164
COP 4429.006031
CRC 527.544886
CUC 1.162466
CUP 30.805342
CVE 110.609072
CZK 24.324019
DJF 206.593866
DKK 7.473719
DOP 69.225291
DZD 153.748173
EGP 61.496999
ERN 17.436986
ETB 183.030684
FJD 2.560568
FKP 0.862421
GBP 0.872215
GEL 3.115862
GGP 0.862421
GHS 13.299061
GIP 0.862421
GMD 84.283241
GNF 10203.547362
GTQ 8.87197
GYD 243.308869
HKD 9.103159
HNL 30.945289
HRK 7.531969
HTG 152.273176
HUF 361.515801
IDR 20458.757378
ILS 3.393749
IMP 0.862421
INR 111.504996
IQD 1522.830098
IRR 1533292.28975
ISK 143.471968
JEP 0.862421
JMD 183.756336
JOD 0.824234
JPY 184.53683
KES 150.365388
KGS 101.658074
KHR 4664.398129
KMF 492.885874
KPW 1046.22128
KRW 1741.246228
KWD 0.358772
KYD 0.969162
KZT 545.967451
LAK 25516.123037
LBP 104098.805948
LKR 382.032817
LRD 213.167198
LSL 19.169503
LTL 3.43246
LVL 0.703164
LYD 7.352641
MAD 10.724954
MDL 20.119004
MGA 4856.204926
MKD 61.626219
MMK 2440.759526
MNT 4161.015762
MOP 9.37985
MRU 46.499031
MUR 54.845573
MVR 17.914036
MWK 2024.438401
MXN 20.156517
MYR 4.570239
MZN 74.285895
NAD 19.169498
NGN 1593.136463
NIO 42.679974
NOK 10.815087
NPR 178.472426
NZD 1.98884
OMR 0.446973
PAB 1.162935
PEN 3.990168
PGK 5.193942
PHP 71.590496
PKR 323.892057
PLN 4.249336
PYG 7086.902977
QAR 4.237232
RON 5.20727
RSD 117.423032
RUB 84.68781
RWF 1697.781189
SAR 4.409172
SBD 9.318484
SCR 16.312958
SDG 698.06494
SEK 10.97467
SGD 1.488171
SHP 0.867898
SLE 28.655211
SLL 24376.327437
SOS 664.353418
SRD 43.537873
STD 24060.693468
STN 24.702397
SVC 10.175631
SYP 128.490183
SZL 19.169489
THB 37.943467
TJS 10.850465
TMT 4.06863
TND 3.357245
TOP 2.798938
TRY 52.944041
TTD 7.894204
TWD 36.678162
TZS 3022.411271
UAH 51.349648
UGX 4366.546502
USD 1.162466
UYU 46.580489
UZS 14001.900028
VES 593.030511
VND 30636.784144
VUV 137.078484
WST 3.145166
XAF 654.850466
XAG 0.015073
XAU 0.000255
XCD 3.141622
XCG 2.095958
XDR 0.813648
XOF 648.078818
XPF 119.331742
YER 277.422867
ZAR 19.38171
ZMK 10463.590637
ZMW 21.893006
ZWL 374.313489
  • RBGPF

    0.8900

    61.68

    +1.44%

  • CMSC

    -0.1350

    23.005

    -0.59%

  • BCC

    -2.9550

    66.445

    -4.45%

  • RYCEF

    -0.8300

    15.1

    -5.5%

  • NGG

    -6.5150

    80.915

    -8.05%

  • BCE

    -0.3350

    23.855

    -1.4%

  • CMSD

    -0.1028

    23.13

    -0.44%

  • JRI

    -0.4796

    12.5269

    -3.83%

  • RELX

    0.8750

    32.335

    +2.71%

  • RIO

    -5.7800

    103.81

    -5.57%

  • GSK

    -0.9389

    49.56

    -1.89%

  • BTI

    -1.3100

    65.39

    -2%

  • AZN

    -3.0300

    181.93

    -1.67%

  • BP

    0.6992

    44.32

    +1.58%

  • VOD

    -0.7800

    14.7

    -5.31%

G7 urged to be 'bold' in climate hotspot Italy
G7 urged to be 'bold' in climate hotspot Italy / Photo: MARCO BERTORELLO - AFP

G7 urged to be 'bold' in climate hotspot Italy

G7 environment ministers gathered in Turin on Monday for two days of talks, as the UN warned "excuses" for failing to take bold actions on climate change were "not acceptable".

Text size:

The Group of Seven meeting in the northern Italian city is the first big political session since the world pledged at the UN's COP28 climate summit in December to transition away from coal, oil and gas.

UN climate chief Simon Stiell kicked off the talks by urging the highly industrialised countries to use their political clout, wealth and technologies to end fossil fuel use.

"I often hear in forums like this one that, 'we cannot possibly move too far forward, lest we predetermine the outcome of negotiations'" at the UN level, Stiell told the ministers.

"It is utter nonsense to claim the G7 cannot -- or should not -- lead the way on bolder climate actions," said Stiell, who leads the United Nations climate change organisation.

The talks come as a new report by a global climate institute shows the G7 -- which includes Canada, France, Germany, Italy, Japan, the UK and the US -- is falling far short of its targets.

Hundreds of protesters demonstrated in Turin on Sunday, some burning photos of the G7 leaders who they accused of failing future generations over the climate crisis.

Environmentalists want to know how the ministers intend to follow through on pledges, such as the agreement at COP28 in Dubai to double energy efficiency rates and triple renewable capacity by 2030.

They also want a bold deadline on ending fossil fuel use.

France is expected to push for the G7 to phase out coal by 2030, but Japan is reluctant to set a date.

Germany -- Europe's biggest emitter of greenhouse gases -- is unwilling to wean itself off gas, as is Italy.

- 'Quantum leap' -

Rome, which holds the G7 rotating presidency this year, says it wants Turin to be "a strategic link" between last year's UN climate talks and COP29, which will take place in November in Azerbaijan.

Italy, a climate change hotspot vulnerable to wildfires, drought and glacier retreat, is putting "biodiversity, ecosystems, warming seas" high on the agenda, according to Italian Environment and Energy Security Minister Gilberto Pichetto Fratin.

Ministers are discussing "renewables, energy efficiency, phasing out fossil fuels" as well as "research for next-generation nuclear power, fusion, the circular economy, critical raw materials, biofuels," he said Monday.

The talks will stress the need to diversify sources of critical materials key to renewable energy systems, as well as minerals reuse, in a bid to stop overreliance on China, which dominates in green technologies.

Canada, France, Germany and the UK are pushing for a global treaty to reduce plastics pollution, and are expected to use the G7 to rally a reluctant US and Japan.

Together the G7 makes up around 38 percent of the global economy and was responsible for 21 percent of total greenhouse gas emissions in 2021, according to the Climate Analytics policy institute.

Not one member of the group is on track to meet existing emission reduction targets for 2030, on track instead to cut them by "at best around half of what is needed", a report by the institute said last week.

Climate watchers hope for a ramping up of support for less developed countries in decarbonising their industrial production, with experts advising on particularly tricky sectors, like cement and steel.

There may be commitments on more funds for adaptation to climate change, and Italy said the G7 would discuss "innovative" financing models amid calls for more accessible finance for vulnerable countries.

The UN's Stiell said the G7 needed to see "a quantum leap in climate finance as core business".

"'Challenging budget conditions' is not an acceptable excuse for failing to deliver substantial new public climate finance pledges," he told the ministers.

S.Ogawa--JT