While re-confirming a commitment towards the 1.5°C goal of the Paris Agreement, the G7 Hiroshima Leaders' Communiqué did not include any new and specific targets or actions to achieve that goal. On the other hand, it emphasised the need for "various pathways" towards achieving net-zero greenhouse gas emissions by 2050. While various pathways do exist, it is essential to understand that the range of pathways compatible with the 1.5°C goal is rather narrow.
On the issue of biodiversity, the G7 members signalled their intention to lead global efforts in implementing the Kunming-Montreal Global Biodiversity Framework (GBF). As part of this effort, the G7 Alliance on Nature Positive Economy was established to promote corporate activities and information-sharing towards achieving a nature-positive economy.
In terms of resource efficiency and circular economy, support was expressed for the Circular Economy and Resource Efficiency Principles (CEREP), a common set of guidelines proposed by Japan and adopted at the G7 Ministers’ Meeting on Climate, Energy and Environment in Sapporo, intending to encourage companies to establish their voluntary circular economy initiatives.
In this webinar, IGES researchers will consider the G7 Hiroshima Leaders' Communiqué from the perspectives of climate change and energy, biodiversity, and resource efficiency and circular economy, and discuss prospects and challenges.