The G7 countries reached an agreement on Saturday, June 12, at the Cornwall summit in the English county to allocate $ 100 billion annually to finance climate protection projects in developing countries. The relevant provision will be presented in the final declaration of the summit, said a representative of the British government. All seven participants of the meeting for the first time agreed on a plan to achieve climate neutrality by 2050.
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Climatic, or carbon, neutrality means that the amount of hazardous emissions into the atmosphere does not exceed nature’s ability to absorb them. According to London, the meeting is expected to announce its intention to reduce greenhouse gas emissions by industrial enterprises by 2030 by about 50% compared to 2010 levels. Other agreed climate agreements include the abandonment of coal energy as soon as possible, the almost complete end of direct state mining of fossil fuels abroad, and the phasing out of cars with internal combustion engines.
Despite the scale of the proposed measures, according to environmentalists from the international non-governmental organization Oxfam, they are insufficient to implement the decisions of the Paris Climate Agreement. The G7 countries must realize their great guilt in creating the conditions for a climate crisis, says Oxfam spokesman Jorn Kalinski. He called on industrialized countries to “rapidly and significantly reduce their economic prosperity” in order to give poor countries more freedom in pursuing their climate policies.
The UN Secretary-General considers insufficient efforts of the G7 to combat the coronavirus.
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Source: Ukrgate
