The Group of Seven rich nations(G7) has set big collective targets for solar power and offshore wind capacity.
The nations have agreed to accelerate renewable energy development and phasing out of fossil fuels through continued investment.
"In the midst of an unprecedented energy crisis, it's important to come up with measures to tackle climate change and promote energy security at the same time," Japanese industry minister Yasutoshi Nishimura had addressed the news conference in Japan.
He further stated, "While acknowledging that there are diverse pathways to achieve carbon neutrality, we agreed on the importance of aiming for a common goal toward 2050."
The member countries have issued a joint communique, pledging to “collectively increase offshore wind capacity by 150 gigawatts by 2030 and solar capacity to more than 1 terawatt.”
It has been reported that the countries have expressed commitment to accelerate "the phase-out of unabated fossil fuels" to achieve net zero by 2050.