The promise is part of the final document of the meeting of the ministers of the Environment, Energy and Climate of the seven most industrialized countries (G7), which took place in Turin, Italy.
The group also committed to pushing for the approval of new coal-fired power plants worldwide to be stopped as quickly as possible.
And supporting the objective of “tripling global renewable energy capacity and strengthening energy security by increasing system flexibility through demand response, grid reinforcement and deployment of smart grids”.
This commitment includes contributing to the electricity sector’s global energy storage target of 1,500 gigawatts by 2030, a more than six-fold increase from the 2020 capacity of 230 gigawatts.
The G7 also defended that “countries that are able to contribute” should pay to help poorer countries face the climate crisis.
“We remember that the new objective must be established based on a minimum limit of 100 billion dollars per year, taking into account the needs and priorities of developing countries”, the document states.
The two-day meeting at the Venaria Palace in Turin was accompanied by protests over the fact that world leaders had failed to address the climate crisis caused by the emission of greenhouse gases, among other reasons due to the continuation of fossil fuels such as oil, gas and coal.
The G7 includes Germany, Canada, the United States, France, Italy, Japan and the United Kingdom.
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