G7 fails renewable pledges, boosts fossil fuel investments24 Feb 2025 09:52
G7 fails renewable pledges, boosts fossil fuel investments
The richest nations, including the G7 countries, are failing to uphold their commitments to global renewable energy expansion.
Instead, they are increasingly investing in fossil fuel projects in developing countries such as Bangladesh, obstructing global carbon emission reduction targets.
This data was revealed in a report by Global Energy Monitor (GEM) on Tuesday, according to a press release.
The report shows that global solar and wind power capacity grew by one-fifth last year. However, the G7 countries contributed very little to this new capacity, despite their commitments to facilitate renewable energy investments in climate-vulnerable nations like Bangladesh.
GEM highlights that rather than prioritising renewable energy projects in Bangladesh—one of the most climate-vulnerable countries—wealthy nations are increasing investments in polluting energy sources such as LNG and coal.
https://www.daily-sun.com/printversion/details/791202