Finance leaders from the Group of Seven wealthy democracies on Wednesday pledged to increase emissions reductions efforts and climate support for developing countries despite energy cost and security challenges prompted by Russia's war in Ukraine.
Meeting on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington, the G7 finance ministers and central bank governors reaffirmed in a statement their commitment to achieving net zero emissions goals by 2050.
The officials said Russia's war against Ukraine has caused substantial increases in energy and food prices and was severely impacting energy markets and supplies globally.
