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27.05.2022 18:57 News >> G7 Nations Vow To End Funding For International Fossil Fuel Projects By End Of 2022
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G7 Nations Vow To End Funding For International Fossil Fuel Projects By End Of 2022
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G7 calls on all countries for making more efforts to achieve climate targets.
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The G7 countries have "committed" to cease financing for international fossil fuel projects by the end of this year, a UK government statement said on Friday. According to the statement, the G7 reaffirmed its target to mobilize $100 billion to support developing countries. The G7 called on all countries to make more efforts to achieve climate targets. Alok Sharma, a UK Cabinet Office minister and president of COP26, said: "We are equally united in the view that climate and environment security are absolutely synonymous with energy and national security and I cannot overstate that." "Solving the global energy crisis and the chronic climate crisis requires the same solution, it's about reducing our dependence on fossil fuels, as part of a managed transition," he added. -
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