‘No room for fossil fuels in climate-vulnerable developing countries’: G7 nations must reject the rollout of false energy transition technologies
Summary
A coalition of environmental and social organizations urges G7 nations to cease the promotion and financing of fossil fuel-based technologies, such as ammonia and hydrogen co-firing, in climate-vulnerable developing nations. The statement specifically criticizes Japan's Green Transformation (GX) policy and the continued investment in fossil gas in Southeast Asia, arguing that these 'false solutions' risk stranded assets and undermine the 1.5-degree Celsius Paris Agreement goal.
Key insights
- Between 2020 and 2022, G7 nations provided USD 73 billion in public finance for new fossil fuel projects, which was 2.6 times the amount of their support for clean energy during that period. While the UK, Canada, and France are cited as having met commitments to end this finance, Japan, Italy, and Germany have not, and the US has not made its policy public.
- Japan's Green Transformation (GX) policy aims to mobilize over USD 1.1 trillion in public and private capital over ten years. The document argues this strategy relies on 'false energy transition' technologies—including LNG, carbon capture and storage, and the co-firing of ammonia, hydrogen, and biomass—which do not sufficiently reduce emissions to reach net-zero in countries like Indonesia, Malaysia, Thailand, and the Philippines.
- The statement asserts that fossil gas is not a transition fuel but a risky investment that leads to stranded assets and debt traps for developing nations. It notes that Japan, France, the UK, the US, Germany, and Italy are among the top financiers of fossil gas projects in Southeast Asia following the Paris Agreement.
Cite the original document
- APA
- Trend Asia (2023). ‘No room for fossil fuels in climate-vulnerable developing countries’: G7 nations must reject the rollout of false energy transition technologies. https://trendasia.org/wp-content/uploads/2023/04/G7-Sign-On-Letter.pdf
- Chicago
- Trend Asia. ‘No room for fossil fuels in climate-vulnerable developing countries’: G7 nations must reject the rollout of false energy transition technologies. 2023. https://trendasia.org/wp-content/uploads/2023/04/G7-Sign-On-Letter.pdf.
- Wikipedia
- {{cite press release |author=Trend Asia |title=‘No room for fossil fuels in climate-vulnerable developing countries’: G7 nations must reject the rollout of false energy transition technologies |date=14 April 2023 |url=https://trendasia.org/wp-content/uploads/2023/04/G7-Sign-On-Letter.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{trendasia2023room, author = {{Trend Asia}}, title = {{‘No room for fossil fuels in climate-vulnerable developing countries’: G7 nations must reject the rollout of false energy transition technologies}}, publisher = {Trend Asia}, year = {2023}, month = apr, url = {https://trendasia.org/wp-content/uploads/2023/04/G7-Sign-On-Letter.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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