Ministers from the Group of Seven (G7) nations have agreed to eliminate all coal-fired power plants by 2035.
The countries that are members of the Group of Seven (G7) are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, as well as the European Union.
This declaration was made by Andrew Bowie, a UK minister at the Department for Energy Security and Net Zero, during an interview in Turing, Italy.
“We do have an agreement to phase out coal in the first half of the 2030s,” Bowie said.
“This is, by the way, a historic agreement, something that we weren’t able to achieve at COP28 in Dubai last year.”
“So, to have the G7 nations come around the table to send that signal to the world – that we, the advanced economies of the world are committed to phasing out coal by the early 2030s – is quite incredible,” he added.
Business Standard reported:
Italian diplomatic sources said a technical deal had been reached.
The accord will be included in the G7 energy ministers’ final communique to be released on Tuesday at the end of a two-day meeting in Turin.
One source told Reuters earlier that diplomats from the G7 nations – Italy, the United States, Britain, France, Germany, Canada and Japan – discussed the issue until late on Sunday, before the start of the ministerial gathering.
The agreement marks a significant step in the direction indicated last year by the COP28 United Nations climate summit for a transition away from fossil fuels, of which coal is the most polluting.
It helps accelerate the shift of investments from coal to clean technology in particular in Japan and more broadly in the whole Asian coal economy, including China and India,” Luca Bergamaschi, co-founding member of Italian climate change think-tank ECCO, said on X.
China has the most coal-fired power plants in the world with 1,142 operational plants, and the highest installed capacity of coal power plants with 1,108.91 gigawatts. It is also the largest climate polluter in the world.
India has the second-most coal power plants, with approximately 285 active plants, and the United States has 240 active plants.
However, this agreement will not impact China and India, as they are not members of the G7.
Last week, the Biden regime introduced new regulations to lower emissions from power plants. The rules mandate that coal and new natural gas facilities capture or reduce 90% of their climate pollutants by 2032.
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