Energy ministers from the Group of Seven (G7) major democracies have agreed to end the use of coal in power generation by the first half of the 2030s, aiming to align with net-zero pathways and limit global temperature rise to 1.5°C, Reuters reports.
However, a caveat allows flexibility for Germany and Japan, which heavily rely on coal-fired plants. Germany has a target to close coal plants by 2038, while Japan has yet to set a date. The agreement reflects commitments made at the COP28 summit to phase out fossil fuels.
Additionally, the G7 nations acknowledge the importance of reducing Russian energy revenues to support Ukraine but haven’t reached a consensus on potential sanctions regarding Russian liquefied natural gas (LNG).
