Thursday, June 1, 2017

REPOST from 2016: In Japan, US and G7 nations pledge shuttering of fossil fuel subsidies by 2025

The following article originally was published on, May 28, 2016
Greenpeace has made its clean energy demands clear to G7 leaders who are meeting nearby at their Elmau summit. After a G7 pledge to get rid of carbon fuels by the end of the century, they ultimately gave them a rare thumbs up.
At the G7 2016 Ise-Shima Summit in Kashikojima, Japan President Barack Obama, along with leaders from countries around the world, officially pledged this week to end fossil fuel subsidies by 2025. The event was officiated by Japan's prime minister, Shinzo Abe.
Universities and companies worldwide have been under increasing pressure to divest interests in fossil fuels. The announcement today will fuel that aim, albeit in a non-carbon centric fashion.
In a lengthy document called "G7 Ise-Shima Leaders' Declaration, May 26-27, 2016", leaders of the EU, Japan, US, Germany, UK, France, and Italy urge all nations to end support for coal, oil, and gas by 2025.
They said in part that following the December Paris Agreement on climate change, the nations will implement their commitments. "The G7 has a special responsibility to lead international efforts to tackle these challenges," they stated regarded climate change and its various impacts. "Today, we have demonstrated our capacity to make tangible progress on a broad range of economic, security, and development policy issues."
Highlights of their 32-page statement also include: - That this is the first time G7 nations have set a deadline to end most fossil fuel subsidies. - That these nations will "commit to further investment in areas conducive to economic growth, such as environment, energy, digital economy, human resource development, education, science, and technology."
This week, the president also spoke in Japan regarding the bombings at Hiroshima and Nagasaki at the end of World War II, offering sympathethy but not a formal apology. ...
To read the document, please see: Photo: Wikimedia Commons

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