G7 development ministers discuss just energy transition partnerships
Clean Energy Wire
Development ministers of the seven leading western industrialised states (G7) are meeting in Berlin on 18-19 May to discuss the German G7 presidency’s plans for so-called Just Energy Transition Partnerships. These cooperation schemes are intended to activate private and public financing on a large scale for specific investments, for example for a socially just coal phase-out, the expansion of renewable energies or the creation of new jobs in regions particularly affected by structural economic change, said the German development ministry.
Forging a new alliance for global food security as a reaction to the risk of a food crisis caused by Russia’s war against Ukraine would top the meeting’s agenda, said development minister Svenja Schulze. However, “other crises, such as the COVID-19 pandemic, climate change, loss of biodiversity and social inequality, still need to be tackled, too, since to some extent they have a mutually reinforcing effect,” she said.
The government wants to use this year’s presidency of the G7 group to improve the coordination of global efforts to combat and adapt to climate change. The country is pushing for the establishment of an international climate club of countries with ambitious policies. Cooperation with emerging and developing countries, especially on infrastructure, is also a key goal. Indonesia and India are possible candidates for just transition partnerships, and are also invited to the ministers’ meeting.