G7 leaders commit to net-zero emissions by 2050

G7 leaders commit to net-zero emissions by 2050

Leaders of the Group of Seven (G7) nations have concluded their landmark summit in Cornwall, UK committing to reach net-zero emissions by 2050 amid a series of other significant energy and climate pledges.





They issued a communiqué in which they set out their net zero commitments and called on all countries, in particular major emitting economies, "to join us in these goals as part of a global effort.“ In this context, the leaders noted the IEA's "clear roadmap“ for achieving net zero globally by 2050.





"I'm very proud to see recognition of the IEA's comprehensive Roadmap for the global energy sector to reach this critical and formidable goal,“ said Dr Fatih Birol, Executive Director of the International Energy Agency (IEA).





"The IEA looks forward to helping governments design and implement the strong policy actions that are needed to move the world onto a narrow yet achievable pathway to net zero by 2050. In the lead-up to COP26 in November, I look forward to seeing additional firm commitments to improve and increase clean energy financing for developing economies.“





The communiqué said that G7 leaders had committed to aligning official international financing with the global achievement of net zero greenhouse gas emissions no later than 2050