The Group of Seven rich nations put support for gas investments back into their communique on Saturday, calling it a 'temporary' step as they try to de-couple from Russian energy, in a move climate activists say may hurt climate goals.
The 'Hoegh Esperanza' Floating Storage and Regasification Unit is anchored during the opening of the LNG terminal in Wilhelmshaven, Germany, December 17, 2022....HIROSHIMA, Japan, May 20 - The Group of Seven rich nations put support for gas investments back into their communique on Saturday, calling it a "temporary" step as they try to de-couple from Russian energy, in a move climate activists say may hurt climate goals.
"We stress the important role that increased deliveries of LNG can play, and acknowledge that investment in the sector can be appropriate in response to the current crisis and to address potential gas market shortfalls provoked by the crisis," the statement said. "We also need some new gas power station, but they should be built in a way that they can run on green hydrogen later on as well. So it is an investment in the clean future as well," a German government official said.
Without clarifying what "temporary" meant, the document said such investments should be in line with climate objectives and integrated into the development of low-carbon and renewable hydrogen.
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