The agreements from this year’s G7 summit have been published, featuring commitments to get back on track to deliver $100 billion of climate finance to low-income countries.
The G7 summit took place in Cornwall over the weekend and concluded with the publishing of a formal communique. Climate change was a key theme of discussions among the G7 leaders which include the UK, US, Canada, Japan, France Germany and Italy.
The communique reaffirms support for a green revolution that creates jobs, cuts emissions and seeks to limit the rise in global temperatures to 1.5°C. It also states that coal-fired power stations that don’t use carbon capture technology would be phased-out.
Other highlights include one billion COVID-19 vaccine doses to low-income nations over the next year and a promise to shift from supporting smaller countries’ response to the crisis, to helping them grow and recover with jobs and investment.
The communique also pledges to get back on track to deliver $100 billion in annual funding to help low-income nations decarbonise while accelerating climate adaption.