On May 1st to 2nd 2016, the G7 Energy Ministers together with the European Commissioner for Climate Action and Energy met at Kitakyushu, Japan to discuss developments since their 2015 Hamburg meeting, especially against the background of volatile energy prices and the Paris Agreement.
They issued a joint statement for Leaders’ consideration in light of the upcoming G7 Summit which will take place in Ise Shima on May 26-27 2016.
In their statement, the Ministers highlighted the need for further investment in the energy sector “including quality infrastructure, innovation in renewable energy and other low-carbon technologies”. They reiterated their strong support for “Mission Innovation”, which was launched at the COP21 in order to accelerate widespread clean energy innovation. In this regard, they also reaffirmed that the deployment of clean energy technologies and enhancement of research and development of innovative technologies are crucial and that the G7 have to play a leading role in this endeavor.
Calling energy efficiency, as part of comprehensive energy sustainability, “key to decarbonisation of our economies”, the Ministers also emphasized the strong interconnection between energy efficiency and resource efficiency and therefore the importance of simultaneous improvement.
Together, these measures should help build the economy while decoupling economic growth from carbon emissions. They therefore committed themselves to further enhance a secure and sustainable energy supply, as this is “essential to mitigate risks to the future growth of the global economy.”
With their commitment to energy security, the Energy Ministers also called attention to the geostrategic dimensions of energy resources:
“Well-functioning and transparent markets, diversified energy fuels, sources and routes, enhanced energy efficiency and improved energy system resilience are all necessary for furthering energy security. In the context of the ongoing crisis between Russia and Ukraine, we reiterate that energy should not be used as a means of political coercion, nor as a threat to security. We remain committed to support Ukraine and other countries vulnerable to energy supply disruptions to pursue resilient and fully competitive energy systems.”
They further welcomed the adoption of the Paris Agreement and encouraged all Parties to sign and ratify it as soon as possible, also emphasising the important role of the energy system in the successful implementation of the Agreement.
Even as the US officially pulled out of the Paris Agreement earlier this week, it might be too soon to lose hope on the country's long-term commitments to climate action. If a Democrat wins the upcoming presidential elections, which are set for November 2020, a reaccession process could begin shortly after the withdrawal is complete. In the meantime, however, the effect on trade policy could be significant.
European peatlands could turn from carbon sinks to sources as a quarter have reached levels of dryness unsurpassed in a record stretching back 2,000 years, according to a new study. This trend of “widespread” and “substantial” drying corresponds to recent climate change, both natural and human-caused, but may also be exacerbated by the peatlands being used for agriculture and fuel.
The Kingdom of the Netherlands has contributed $28 million to back FAO's work to boost the resilience of food systems in Somalia, Sudan, and South Sudan - part of a new initiative to scale-up resilience-based development work in countries affected by protracted crises.
A group of five small countries have announced that they will launch negotiations on a new Agreement on Climate Change, Trade and Sustainability, which, if successful, would constitute the first international trade agreement focused solely on climate change and sustainable development. The initiative also breaks new ground by aiming to simultaneously remove barriers for trade in environmental goods and services and crafting binding rules to eliminate fossil fuel subsidies. Small countries can pioneer the development of new trade rules that can help achieve climate goals, but making credible commitments, attracting additional participants, and ensuring transparency will be essential ingredients for long-term success.