G7 climate policy: what good looks like
At the UN climate summit COP26, governments made a collective commitment to bring forward 2030 targets this year that are in line with the Paris Agreement’s 1.5°C temperature goal.
This policy brief outlines six key policy recommendations for this June’s G7 summit that, if adopted, would demonstrate the ambition and leadership needed to keep the 1.5°C limit in sight and to maintain the momentum that was developed at COP26.
G7 governments need to:
- Commit as a group to lower the G7’s emissions by 60% by 2030 compared with 2010 levels.
- Strengthen national 2030 targets this year to align with the Paris Agreement’s 1.5°C temperature goal, consistent with the Glasgow Climate Pact.
- Commit to phasing out coal by 2030 and fossil gas power generation before 2040, in line with what is needed to keep 1.5°C in reach.
- End public support for fossil fuel projects, and more than triple investment in low carbon energy systems by 2030, including in renewable energy, heat pumps, energy efficiency, power grids and storage.
- Commit to substantially scale-up their international climate finance contributions, to go well beyond the 100 billion pledged in 2009.
- Develop innovative financing instruments to accelerate the provision of accessible finance to vulnerable countries.