G-7 Ministers Set Big New Targets for Solar and Wind Capacity

Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura, Environment Minister Akihiro Nishimura and other delegates attend the photo session of G-7 Ministers' Meeting on Climate, Energy, and Environment in Sapporo, Japan, on April 15, 2023. Kyodo via Reuters

SAPPORO, Japan—The Group of Seven (G-7) rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels.

But they stopped short of endorsing a 2030 deadline for phasing out coal that Canada and other members had pushed for, and left the door open for continued investment in gas, saying that sector could help address potential energy shortfalls.