G7 agrees to end new government support for coal power by end of 2021
The Group of Seven countries pledged on Sunday to rapidly scale up technologies and policies that accelerate the transition to uninterrupted coal capacity, including ending new government support for coal power by the end of this year. year.
The countries, in a statement following their summit in Britain, confirmed their pledges to increase contributions to climate finance as part of efforts to reduce emissions that contribute to climate change and help change towards cleaner energy, although climate groups said firm cash pledges and other details were gone. Read more
“Coal-fired power generation is the main cause of greenhouse gas emissions,” said the seven nations – the United States, Britain, Canada, France, Germany, the ‘Italy and Japan – adding that “continued global investment in coal-fired power generation is inconsistent with keeping 1.5 ° C close at hand.”
“We stress that unrelenting international investment in coal must cease now and we now pledge to end new direct government support for relentless thermal coal-fired international power generation by the end of 2021,” they declared.
US President Joe Biden, speaking after the summit, noted a commitment of up to $ 2 billion “to support developing countries as they relentlessly move away from coal power.”
Nations, in their statement, pledged to focus on other technologies, including carbon capture, to help accelerate the transition to coal.
“We will focus on accelerating progress in electrification and batteries, hydrogen, carbon capture, use and storage, zero emission aviation and transportation, and for countries that choose to use it, nuclear power, “the statement said.
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