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According to Platts, the G7 leaders introduced the G7 Industrial Decarbonization Program to accelerate innovation, introduce decarbonization technologies and harmonize standards in difficult-to-manage sectors such as iron and steel, cement, chemicals and petrochemicals, "to achieve zero emissions throughout economy. "
For the first time, all G7 leaders have agreed to agree on their long-term and short-term climate targets to limit global warming to 1.5 degrees Celsius.
“We commit to zero emissions no later than 2050, halving our collective emissions in two decades by 2030, and increasing and improving climate finance by 2025; and save or protect at least 30% of our land and oceans by 2030, ”they said.
