• Oli Capital

G7 Commits to Ramp Hydrogen, Decarbonize Electricity Sectors

In a communique issued by G7 Climate, Energy and Environment Ministers following meetings hosted in Berlin last week, the ministers announced a series of commitments aimed at accelerating the decarbonization of their economies and advancing global net zero goals, including pledges to substantially decarbonize energy grids by the middle of next decade, and to work towards ramping the development of low carbon hydrogen, particularly for use in hard-to-abate sectors. The meeting also resulted in a first-ever commitment to phase out coal-fired power generation.


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