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G7 agrees on net-zero emissions by 2050 & coal ‘phase out’ – European Commission head | G7 agrees on net-zero emissions by 2050 & coal ‘phase out’ – European Commission head |
(2 months later) | |
The Group of Seven, which unites some of the world’s leading economies, has signed a deal to move away from coal plants and stop funding new coal mining to tackle climate change, the EU’s top official has said. | The Group of Seven, which unites some of the world’s leading economies, has signed a deal to move away from coal plants and stop funding new coal mining to tackle climate change, the EU’s top official has said. |
“We need to decarbonize the energy sector,” European Commission chief Ursula von der Leyen wrote on Twitter, adding that the G7 partners “agree to phase out coal.” | “We need to decarbonize the energy sector,” European Commission chief Ursula von der Leyen wrote on Twitter, adding that the G7 partners “agree to phase out coal.” |
“The G7 agreement to end global coal finance is a great achievement and sends a strong message to the world,” she wrote. | “The G7 agreement to end global coal finance is a great achievement and sends a strong message to the world,” she wrote. |
The BBC reported that the attendees of the G7 meeting in Cornwall, UK will end the funding of new coal generation in developing countries and allocated up to £2 billion ($2.8 billion) to stop using the fuel. | The BBC reported that the attendees of the G7 meeting in Cornwall, UK will end the funding of new coal generation in developing countries and allocated up to £2 billion ($2.8 billion) to stop using the fuel. |
Von der Leyen said that the EU aims to get 38% of its energy from renewables by 2030, as the G7 plans to reach net-zero emissions by 2050 at the latest. | Von der Leyen said that the EU aims to get 38% of its energy from renewables by 2030, as the G7 plans to reach net-zero emissions by 2050 at the latest. |
In a joint statement, the G7 pledged to spend $100 billion a year through to 2025 to help poorer countries mitigate the effects of climate change. | In a joint statement, the G7 pledged to spend $100 billion a year through to 2025 to help poorer countries mitigate the effects of climate change. |
The G7 includes the US, Canada, the UK, France, Germany, Italy and Japan. The European Commission chief attends the group’s events. | The G7 includes the US, Canada, the UK, France, Germany, Italy and Japan. The European Commission chief attends the group’s events. |
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