Pyongyang criticises G7 for its recent communique calling for North Korea's denuclearisation.
This marks the first time that all of G7 members have committed to the 2040 goal.
G7 environment and energy ministers agree for the first time on a need to accelerate the phasing out of unabated fossil fuels with a focus on supporting emerging nations.
Summit in the resort town of Karuizawa also comes amid concern that some European G7 leaders could be perceived as taking a weak stance over Beijing's threats over Taiwan.
Draft must be aligned with Tokyo's goal of reaching a largely decarbonised power sector by 2035, comply with limiting global warming to 1.5C, and avoid emissions of nitrous oxide and other pollutants,
Ukraine honours its dead and vows to keep fighting while Russia tells the world to accept "the realities" of conflict — now in its 367th day — but faces new Western sanctions.
European Union member states, the G7 countries and Australia say they have reached an agreement on price caps for Russian petroleum products as fighting enters its 346th day.
Major oil-producing countries led by Saudi Arabia and Russia agree to maintain their current output levels at a meeting, ahead of fresh sanctions against Moscow coming into force, sources say.
Russia rejects the price cap on its oil agreed by the EU, G7 and Australia, which Ukraine says will contribute to the destruction of Russia's economy, as fighting enters its 283rd day.
German Chancellor Olaf Scholz's office said he made clear to Putin “that there must be a diplomatic solution as quickly as possible, which includes a withdrawal of Russian troops”, as the conflict enters its 282nd day.
Western leaders want to bleed Moscow financially but China and India haven't indicated if they plan to abandon the purchase of Russian oil.
A report released by an environmental and human rights organisation reveals that 96 percent of the oil and gas industry is expanding despite “Net-Zero” climate pledges.
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