Despite arguments between Japan and European nations, the G7’s April meeting reached a consensus whereby climate ministers agreed that gas investments “can be appropriate to help address potential market shortfalls”. This move is also viewed as necessary with regard to overcoming the shortfall in supply that came after Russia’s invasion of Ukraine.

“We stress the important role that increased deliveries of LNG (liquefied natural gas) can play, and acknowledge that investment in the sector can be appropriate in response to the current crisis and to address potential gas market shortfalls provoked by the crisis,” the G7 declared in a statement.

Once Russia’s top gas buyer, Germany came out in support of the shift to gas investments, calling them a necessary step to reducing reliance on Russian supplies. Japan expressed the view that liquified natural gas can be used as a transition gas in the shift toward renewable energy.

The post G7 Resumes Support for Gas Investments in Latest Meeting appeared first on theprimarymarket.com.

The ministers agreed that while a democratic approach should be used to ensure that the technology is given room to be developed, policy instruments need to be implemented in order to ensure that AI technologies are developed in a trustworthy and ethically responsible manner.

“The conclusions of this G7 meeting show that we are definitely not alone in this,” European Commission Executive Vice President Margrethe Vestager stated following the gathering. “We plan to convene future G7 discussions on generative AI which could include topics such as governance, how to safeguard intellectual property rights including copyright, promote transparency, address disinformation.”

The post G7 Should Adopt “Risk-Based” AI Regulation, Ministers Suggest appeared first on theprimarymarket.com.

Despite arguments between Japan and European nations, the G7’s April meeting reached a consensus whereby climate ministers agreed that gas investments “can be appropriate to help address potential market shortfalls”. This move is also viewed as necessary with regard to overcoming the shortfall in supply that came after Russia’s invasion of Ukraine.

“We stress the important role that increased deliveries of LNG (liquefied natural gas) can play, and acknowledge that investment in the sector can be appropriate in response to the current crisis and to address potential gas market shortfalls provoked by the crisis,” the G7 declared in a statement.

Once Russia’s top gas buyer, Germany came out in support of the shift to gas investments, calling them a necessary step to reducing reliance on Russian supplies. Japan expressed the view that liquified natural gas can be used as a transition gas in the shift toward renewable energy.

The post G7 Resumes Support for Gas Investments in Latest Meeting appeared first on theprimarymarket.com.

The ministers agreed that while a democratic approach should be used to ensure that the technology is given room to be developed, policy instruments need to be implemented in order to ensure that AI technologies are developed in a trustworthy and ethically responsible manner.

“The conclusions of this G7 meeting show that we are definitely not alone in this,” European Commission Executive Vice President Margrethe Vestager stated following the gathering. “We plan to convene future G7 discussions on generative AI which could include topics such as governance, how to safeguard intellectual property rights including copyright, promote transparency, address disinformation.”

The post G7 Should Adopt “Risk-Based” AI Regulation, Ministers Suggest appeared first on theprimarymarket.com.