G7 countries must not leave room for fossil fuels climate destruction

A coalition of 181 organizations calls on G7 leaders to end the promotion of 'false energy transition solutions'—specifically Japan's Green Transformation (GX) policy—and to cease all international public finance for fossil fuels. The statement argues that current G7 commitments are insufficient, citing continued investments in gas and ammonia co-firing in Southeast Asia and Africa, and urges a shift toward renewable energy and fair funding mechanisms for the Global South.

• The coalition criticizes Japan's Green Transformation (GX) policy, which intends to mobilize over USD 1.1 trillion in public and private capital over 10 years to overhaul 22 industrial sectors and export technology and finance to partner countries.
• Japan is accused of promoting 'false solutions' in Southeast Asia, specifically ammonia co-firing at coal plants; experts suggest that in Thailand, Philippines, Indonesia, and Malaysia, emissions from equal parts coal and ammonia would be similar to gas-fired power stations.
• Despite G7 claims of ending international public finance for fossil fuels by the end of 2022, Oil Change International (OCI) analysis indicates that G7 nations provided USD 73 billion in public finance to new fossil fuel projects between 2020 and 2022, which is 2.6 times the amount provided for clean energy.
• The statement identifies Japan, Italy, and Germany as G7 nations that have not delivered on the commitment to end fossil fuel finance, while the US policy remains non-public despite claims of compliance.
• Recent actions contradict G7 climate goals, such as the US Export Import Bank providing nearly USD 100 million in export finance to expand the PT Kilang Pertamina Balikpapan Petroleum Refinery in Indonesia.
• The coalition argues that fossil gas is not a transition fuel but a risky investment that leads to stranded assets and debt traps for developing nations, noting that Japan, France, the UK, the US, Germany, and Italy are top financiers of post-Paris Agreement fossil gas projects in Southeast Asia.

APA

TrendAsia (2023). G7 countries must not leave room for fossil fuels climate destruction. Trend Asia. https://trendasia.org/en/g7-countries-must-not-leave-room-for-fossil-fuels-climate-destruction/

Chicago

TrendAsia. G7 countries must not leave room for fossil fuels climate destruction. Trend Asia, 2023. https://trendasia.org/en/g7-countries-must-not-leave-room-for-fossil-fuels-climate-destruction/.

Wikipedia

{{cite press release |last1=TrendAsia |title=G7 countries must not leave room for fossil fuels climate destruction |publisher=Trend Asia |date=16 May 2023 |url=https://trendasia.org/en/g7-countries-must-not-leave-room-for-fossil-fuels-climate-destruction/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{trendasia2023countries, author = {TrendAsia}, title = {{G7 countries must not leave room for fossil fuels climate destruction}}, publisher = {Trend Asia}, year = {2023}, month = may, url = {https://trendasia.org/en/g7-countries-must-not-leave-room-for-fossil-fuels-climate-destruction/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }