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In May 2022, the G7 environment, climate, and energy ministers announced the launch of the G7 Hydrogen Action Pact (G7-HAP), which prioritises six areas for the G7 to support the development of a global low-carbon and green hydrogen market. Germany should use its remaining G7 presidency to specify these areas. Most importantly, the G7 should clearly focus their activities on green hydrogen and work on establishing sustainability standards right at the beginning of the market ramp-up.

The Just Energy Transition Partnership (JETP), announced last year with South Africa, aims to reduce emissions in the energy sector and accelerate the coal phase-out process. The partnership, first announced in COP26 with the promised value of 8.5$ billion, was then followed by a G7 announcement for a similar partnership in India, Indonesia, Senegal, and Vietnam.

The German government planned on making climate and sustainability the main topics of its G7 presidency. In this briefing, we outline what the G7 Leaders’ Summit was able to achieve, which gaps remained, and where to go from there.

The climate crisis’ impacts are rapidly growing along with the concurrent need for adaptation investments. Those most vulnerable to climate change’s impacts, however, lack the resources to adequately respond to adaptation needs. The study aims to close a research gap by examining international climate finance’s capacity in mobilising adaptation finance from the private sector in developing countries.