G7 Summit in 2023 - Call for Global Initiatives for Ending Support for Fossil Fuels and Accelerate the Transition to Renewable Energy in Developing Countries

Khondaker Golam Moazzem, Rafat Alam, Helen Mashiyat Preoty and Mashfiq Ahasan Hridoy

No 41, CPD Policy Brief from Centre for Policy Dialogue (CPD)

Abstract: The existing geopolitical challenges have made the 49th G7 Summit -slated to be held in Japan – a major event for developing countries like Bangladesh. Besides, international civil societies demand ‘to develop a roadmap to operationalise the G7 leaders’ commitment to end government support for all fossil fuels through transition to renewable energy. Moreover, in the ‘22 summit, the G7 addressed climate change as a global challenge that requires urgent actions. And in 2023, G7 ministers agreed to speed up clean energy transition and set new targets for solar and wind capacity as a part of the goal to reach net-zero GHG emissions by 2050.

Keywords: G7 Summit; Power and Energy Sector; Renewable Energy; Fossil Fuel; climate change; Clean energy; GHG emissions; Bangladesh Economy (search for similar items in EconPapers)
Pages: 8 pages
Date: 2023-05
New Economics Papers: this item is included in nep-ene and nep-env
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