[Title] Video Message by Prime Minister KISHIDA Fumio at the Major Economies Forum on Energy and Climate Leaders Meeting

President Biden, distinguished leaders, ladies and gentlemen,

The climate crisis is a shared global challenge. To achieve our goal of net-zero greenhouse gas emissions by 2050 and limit the global temperature rise to 1.5°C, we need significant and immediate emission reductions across all sectors this decade.

Japan will take on the Green Transformation (GX) challenge of achieving net-zero emissions, a stable energy supply, and economic growth simultaneously, and mobilize 150 trillion yen in new public and private investments over the next 10 years.

Japan will also be promoting the "Asia Zero Emissions Community initiative" to support regional decarbonization in Asia.

Protecting those who are vulnerable to climate change is essential for human security and sustainable growth. As the G7, we will provide further support to strengthening resilience and show the world various pathways to ensure decarbonization with energy security in mind.

Japan will promote the Global Methane Pledge and other initiatives to reduce global emissions of methane and other non-CO2 greenhouse gases. Japan will also continue to collaborate with the international community in areas such as the decarbonization of automobiles through a range of approaches, the decarbonization of international shipping, and forest conservation including through the FCLP (Forests and Climate Leaders' Partnership).

As the chair of this year's G7, I am determined to take the lead towards global decarbonization in cooperation with other countries and international organizations.

Thank you very much.