G7 calls for global CO2 reduction

The G7 countries have contributed to overcoming obstacles on the way to the COP-21 Summit in Paris this December 2015.

During two days, Sunday 07/06 and Monday 08/06/2015, at Elmau Castle in the city of Bayern, southern Germany, a meeting of the Group of 7 developed industrial countries (G7) including Germany, France, Italy, UK, USA, Canada and Japan took place with the topic that the whole world is interested in: "Global climate change".

G7 leaders at Elmau Castle, Bavaria (Germany). Photo: Source from the German government.

This is one of the intermediary activities to gradually resolve differences to reach a legal agreement at the “Climate Change Summit”, called COP-21, in December 2015 in Paris (France). The first meeting took place in February 2015 in Geneva (Switzerland) and another longer meeting, 10 days, also in Germany, in the city of Bonn from June 1 to June 11, 2015.

After two days of intense work, G7 leaders expressed their support for a landmark agreement at COP-21 on reducing greenhouse gas emissions by 2100, the main cause of air pollution and global warming.

And at the end of this annual summit, among other important topics, the G-7 leaders still agreed and issued a joint statement calling for "urgent and decisive action" on climate change. They declared: "We affirm our strong determination to contribute to the adoption at the Climate Change Conference in December this year in Paris (COP 21) of a declaration, a legally binding instrument like the United Nations Framework Convention on Climate Change."

The G7 leaders added: “We commit to doing our part to achieve a low-carbon global economy in the long term, including the development and deployment of advanced technologies, and to a transformation of the energy sector by 2050.” They also “invite all countries to join us in this effort.”

On a key point of disagreement among industrialized countries around the world, G7 leaders at this meeting in Bayern (Germany) reaffirmed their commitment to the Copenhagen Accord to mobilize 100 billion USD annually until 2020 from a variety of sources to help developing countries implement projects to reduce emissions (greenhouse gases)".

The G7 countries further expanded their attention: "We recognise the potential of multilateral development banks (MDBs) to expand climate finance and help countries transition to low-carbon economies. We call on MDBs to make the most of their balance sheets and the ability to mobilize other partners to support national programmes to meet the above objectives."

At the same time, the G7 countries also said they remained committed to "eliminating inefficient fossil fuel subsidies".

Finally, on the issue of energy security, the G7 leaders stated: "We consider diversification a core element of energy security and aim to further diversify the energy mix, fuels and energy sources".

The recent unity among the “rich and powerful” G7 countries in Germany is a meaningful event as a global call for the goal of reducing CO2, an event that contributes to resolving disagreements and obstacles on the way to the success of the World Summit on “Climate Change” COP-21 in December 2015 in Paris.

According to vietnamnet