G7 ‘well-placed’ to lead in slashing heavy industry emissions, IEA says – The National

G7 ‘well-placed’ to lead in slashing heavy industry emissions, IEA says – The National

The Group of Seven bloc of major industrialised economies is "well-placed" to take the lead the world in cutting emissions from the heavy industry sector and pave the way for other countries to follow suit, according to the International Energy Agency.

G7 countries – Canada, France, Germany, Italy, Japan, the UK, the US and the EU, which is a ‘non-enumerated’ member, – account for about 40 per cent of the global economy, 30 per cent of energy demand and 25 per cent of the energy system carbon dioxide emissions, the Paris-based agency said in a new report on Thursday.

“The G7’s economic heft, technology leadership and international alliances present it with a special role in leading the way and inspiring successful energy transitions in these crucial sectors,” it said.