- The G7 aims to expand renewable energy globally and reduce renewables costs.
- The G7 will increase offshore wind capacity by 150GW and solar PV to over 1TW by 2030.
The G7 aims to expand renewable energy globally and reduce costs by strengthening capacity, including collective increases in offshore wind capacity and solar PV. The G7 has committed to significantly increasing renewable energy capacity and investing in innovative technologies to achieve net zero by 2050.
The G7 energy ministers met in Sapporo, Japan, to discuss renewable energy and its importance in the decarbonisation of economies.
To boost renewable energy globally and decrease expenses, the G7 will increase offshore wind capacity by 150GW by 2030, based on the existing targets of each country. The G7 also plans to increase solar PV to over 1TW by 2030, utilising existing targets and policy measures suggested by IEA and IRENA.
Countries will also ask the IRENA to prepare an analysis of innovation and sustainability in floating offshore wind.
The G7 will improve system flexibility by reinforcing grids, using stand-alone systems and mini-grids, and modernising energy storage systems and demand-side management.