Four Ways the G7 Can Show Leadership on Fossil Fuel Phase-Out

The briefing outlines four key areas where G7 nations can lead on fossil fuel phase-out: setting a 2030 deadline for coal phase-out, implementing the end of fossil fuel subsidies, fulfilling commitments to stop international public finance for fossil fuels, and ending new oil and gas development.

• The G7 should commit to phasing out coal by 2030 at the latest, aligning with the International Energy Agency's Net Zero Emissions by 2050 Scenario and the Powering Past Coal declaration. Currently, Japan, the United States, and the European Union reportedly oppose such a pledge.
• Despite a 2016 commitment to phase out 'inefficient' fossil fuel subsidies by 2025, global subsidies reached a record high of over USD 1 trillion in 2022. The G7 is urged to drop the 'inefficient' qualifier to reduce uncertainty and submit annual inventories via the Sustainable Development Goal (SDG) indicator 12.c.1 process.
• The G7 needs to fulfill its 2022 commitment to end international public finance for the unabated fossil fuel energy sector. While Canada, France, and the United Kingdom have implemented such policies, Germany, Italy, Japan, and the United States have not. Full implementation could redirect USD 24.3 billion annually toward clean energy.
• To limit global warming to 1.5°C, the G7 should oppose proposals for upstream investments in natural gas and liquefied natural gas (LNG) and instead affirm the need to stop new oil and gas production. Research indicates production must decrease by at least 65% by 2050.

APA

Jones,, N. (2023). Four Ways the G7 Can Show Leadership on Fossil Fuel Phase-Out. International Institute for Sustainable Development. https://www.iisd.org/articles/insight/g7-leadership-fossil-fuel-phase-out

Chicago

Jones,, Natalie. Four Ways the G7 Can Show Leadership on Fossil Fuel Phase-Out. International Institute for Sustainable Development, 2023. https://www.iisd.org/articles/insight/g7-leadership-fossil-fuel-phase-out.

Wikipedia

{{cite report |last1=Jones, |first1=Natalie |title=Four Ways the G7 Can Show Leadership on Fossil Fuel Phase-Out |publisher=International Institute for Sustainable Development |date=13 April 2023 |url=https://www.iisd.org/articles/insight/g7-leadership-fossil-fuel-phase-out |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{jones2023four, author = {Jones,, Natalie}, title = {{Four Ways the G7 Can Show Leadership on Fossil Fuel Phase-Out}}, institution = {International Institute for Sustainable Development}, year = {2023}, month = apr, url = {https://www.iisd.org/articles/insight/g7-leadership-fossil-fuel-phase-out}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }