The G7 superpower group agrees to stop supporting coal power
G7 has agreed to stop supporting the construction of coal-fired power plants financially. The agreement is part of the agreements reached when the G7 countries’ environment ministers met.
“We emphasize that international investment in coal (where carbon dioxide emissions have not been reduced) must cease immediately,” the document said. It also states the goal that governments’ direct support should have been completed by the turn of the year.
The environment ministers also agreed to stick to previous promises to ensure that the temperature does not rise more than 1.5 degrees by 2050.
The use of fossil fuels as energy sources must also be largely phased out by 2030.
The G7 group includes the United States, the United Kingdom, Germany, France, Italy, Canada, Japan and the EU representative. The two-day meeting was digital. The meeting was also a preparation for the G7 summit in the UK in June.