The G7 powerhouse economies need to triple their renewable energy capacity for the world to meet emissions targets.
Although the countries, including the UK, signed a global commitment to triple renewables at COP28, the collective G7 targets would only currently deliver a doubling.
Climate think-tank Ember said that Germany, the UK, and Italy, this year’s host of the G7, are leading the way with 2030 targets that are more than a doubling of 2022 capacity. However, France and Japan are lagging behind their G7 partners with targets well below a tripling. The US and Canada do not have explicit targets.
The report calls for the G7 to commit to a goal of tripling G7 renewable capacity from 0.9 TW in 2022 to 2.7 TW in 2030. It also urges the G7 to do more to help to unlock renewable growth in emerging countries.
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