G7 energy ministers fail to agree on climate change statement | Fin24
 
  • Mpumalanga Mine

    Constitutional Court rejects coal mining company’s attempt to appeal – but the saga isn’t over.

  • Audit Outcomes

    Turnaround plans had virtually no impact for ailing parastatals, the Auditor-General has found.

  • Battery Power

    Gordhan: Government intends to sign off soon on a "world class" battery storage project.

Loading...

G7 energy ministers fail to agree on climate change statement

Apr 10 2017 19:09

Rome - G7 energy ministers failed to reach agreement on a joint statement on climate change on Monday after the United States expressed reservations, an Italian minister said.

The United States "reserved its position" on the text about commitments made by G7 countries under the 2015 Paris climate accord, said Carlo Calenda, the Italian minister for economic development, who chaired the meeting in Rome.

Lacking unanimity, Italy, which currently presides the Group of Seven, decided against proposing the joint statement, Calenda said.

The Paris Agreement, endorsed by members of the UN Framework Convention on Climate Change (UNFCCC), is a bedrock of international action against man-made global warming.

It vows to cap warming to "well below" two degrees Celsius (3.6 degrees Fahrenheit) compared to late 19th-century levels - an effort that scientists say will require massive cuts in carbon emissions from coal and other fossil fuels.

It also pledges to provide hundreds of billions of dollars in aid for poor countries badly exposed to drought, flood, rising seas and other climate impacts.

In March, President Donald Trump signed an executive order rolling back some of the previous Democratic administration's policies on carbon emissions and climate change.

Experts have said his plan, which eases emissions limits for coal-fired power plants and scraps more stringent vehicle pollution standards, almost guarantees that the United States will fail to meet its commitments under the Paris Agreement.

Trump has also said he does not intend to honour promises made by the administration of his predecessor, Barack Obama, to provide financial aid under the Paris accord.

However, Trump's team is also deeply divided on whether to withdraw from the pact, according to US media reports.

On March 30, the White House said a decision on whether to withdraw would be made ahead of the G7 summit in Italy in late May.

Under Obama, the United States, the second biggest carbon polluter, provided critical impetus for the Paris deal by concluding a precursor deal with China, the number one emitter.

The Group of Seven, gathering the biggest western democracies, comprises Britain, Canada, France, Germany, Italy, Japan and the United States.

Read Fin24's top stories trending on Twitter:

g7  |  climate change
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...