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The Iraqi Official Gazette will issue a correction to remove the wrongly listed parties and entities from the terrorism-related designation
Several political parties and entities were mistakenly included in the published list despite having no connection to terrorist activity
Iraq clarifies that its approval was strictly limited to freezing the assets of entities and individuals linked only to ISIS and Al-Qaeda
The Central Bank of Iraq issues a clarifying statement regarding Decision No. 61 of the Terrorists’ Funds Freezing Committee, as published in the Iraqi Official Gazette
Occupied Palestine: Five members of the IOF wounded in clashes that took place in Rafah on Wednesday
Israeli media outlet: Netanyahu and Katz are expected to conduct a security assessment soon, and a wave of attacks in Gaza is anticipated later
Israeli media outlet: Gunmen emerged from a tunnel in Rafah and attacked forces in the area with gunfire and anti-tank missiles
Local sources from Damascus countryside: An Israeli occupation drone targeted the road connecting the town of Beit Jinn and Tell Bat al-Warda with 3 airstrikes, without any reported casualties
Al Mayadeen's Beirut Bureau chief: Addition of non-military envoy was agreed upon to pursue non-technical matters.
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G7 nations vow to stop financing fossil fuel abroad by end of 2022

  • By Al Mayadeen English
  • Source: Agencies
  • 27 May 2022 18:37
2 Min Read

Japan joins other G7 members in signing a pledge to end overseas fossil fuel financing.

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  • The pledge allows for exceptions as long as they are consistent with the 2015 Paris pact (AFP)
    The pledge allows for exceptions as long as they are consistent with the 2015 Paris pact (AFP)

G7 energy and climate ministers said in a joint statement on Friday after talks in Berlin that they commit to end direct public support for the global unabated fossil fuel energy sector by the end of 2022.

The term "unabated" signals projects that do not employ techniques to offset pollution brought on by CO2 emissions.

Japan has for the first time joined its fellow G7 members in the pledge. Until today, Britain, Canada, Germany, France, Italy, and the US had signed the pledge, and Japan had resisted.

Around 20 countries had committed to end subsidies for the international fossil fuel sector at last year's COP26 climate summit in Glasgow.

Read More: What is the difference between 1.5°C and 2°C global warming?

"It is good that Japan, the world's largest financier of fossil fuels, has now joined the other G7 countries in making a shared commitment to end overseas fossil fuel financing," said Alden Meyer, senior associate at climate policy think tank E3G, according to AFP.

Some limited exceptions are still allowed for fossil fuel financing, as long as the financing is consistent with the 2015 Paris pact to limit global temperature increases.

Ministers at the G7 talks also committed to doing the utmost to end the use of fossil fuels in their electricity sectors by 2035, despite the consequences of the war in Ukraine, saying "We further commit to a goal of achieving predominantly decarbonized electricity sectors by 2035."

  • G7
  • Japan
  • Fossil Fuels
  • Fossil Fuel Production
  • Pollution
  • Air pollution
  • carbon emissions
  • Carbon Emissions Reduction

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