The G7 climate, energy and environment ministers reaffirmed their commitment to achieving the $100 billion annual climate fund target. It has been reported DEA News.
“We reaffirm our commitment to developed countries’ goal of increasing global climate finance by $100 billion per year by 2025,” the G7 said in a statement after a working meeting in Sapporo, Japan.
According to the G7 participants, this amount will cover the investment gap needed to control the average 1.5°C increase in temperature and protect against climate change.
The document states that the G7 is willing to work with other developed countries to fully achieve this goal in 2023.
It was previously reported that the climate, energy and environment ministers of the G7 countries were at a meeting in Sapporo. To agree To reduce greenhouse gas emissions in the automotive sector by 50% by 2035.