(MENAFN) Based on the International Energy Agency, the Group of Seven union of main industrialized nations is "well-placed" to lead the globe in reducing emissions from the heavy industry sector and pave the way for other nations to follow suit.
According to the Paris-based organization, the G7 nations — Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union, which is a 'non-enumerated' member – account for around 40 percent of the world economy, 30 percent of energy consumption, and 25 percent of energy sector carbon dioxide emissions.
It added, “the G7’s economic heft, technology leadership and international alliances present it with a special role in leading the way and inspiring successful energy transitions in these crucial sectors.”
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