American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

G7 agrees to shut down coal plants by 2035, UK minister says, in climate breakthrough

by admin May 1, 2024
May 1, 2024
G7 agrees to shut down coal plants by 2035, UK minister says, in climate breakthrough

Ministers from the Group of Seven nations have agreed to shut down all their coal plants by 2035 at the latest, a UK minister said on Monday, in a climate policy breakthrough that could influence other countries to do the same.

“We do have an agreement to phase out coal in the first half of the 2030s,” Andrew Bowie, a UK minister at the Department for Energy Security and Net Zero, told Class CNBC in Turin, Italy. “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.”

The US State Department declined to comment on the G7 agreement. Last week, the US Environmental Protection Agency announced new rules that will require coal-fired power plants to either capture nearly all of their climate pollution or shut down by 2039.

“Coming just days after the EPA released proposed new rules that will essentially lead to an accelerated phaseout schedule for most coal plants, this G7 commitment is a further confirmation from the US that coal is on its way out sooner rather than later,” said Katrine Petersen, a senior policy advisor at climate think tank E3G.

The commitment is “a major step forward in particular for Japan, as the only G7 country left without a commitment to move away from coal,” Petersen said.

Related article Climate change will make you poorer, according to a new report

Many of the other G7 nations already have national plans in place to phase out the fossil fuel. Around 16% of the G7s electricity comes from coal, Ember reports.

“This is another nail in the coffin for coal,” said Dave Jones, Ember’s Global Insights program director. “The journey to phase out coal power has been long: it’s been over seven years since the UK, France, Italy and Canada committed to phase out coal power, so it’s good to see the United States and especially Japan at last be more explicit on their intentions.”

He warned, however, that while coal power has been falling, gas consumption continues. “Coal might be the dirtiest, but all fossil fuels need to be ultimately phased out,” he said.

Fossil fuels are the main cause of the climate crisis. Almost every country in the world agreed last year to transition away from fossil fuels at the COP28 climate talks in Dubai, but failing to put an end date on coal was seen as a shortcoming of those negotiations.

Energy, environment and climate ministers are meeting in Turin for talks that are expected to end on Tuesday.

The G7 — made up of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, with the European Union as a member with special status — typically leads on global climate policy. The group’s decisions often trickle down or influence the wider G20, which includes other big emitters, like China and India, as well as major fossil fuel producers, such as Saudi Arabia and Russia.

This story has been updated with additional information.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
‘My whole family has perished:’ 22 killed in Israeli airstrike on Rafah, hospital staff say
next post
Hong Kong transgender activist gets new male ID after yearslong legal battle

Related Posts

Violence erupts as Nigerians protest hunger across the...

August 2, 2024

UNRWA to close East Jerusalem headquarters after arson attack...

May 12, 2024

Ecuador’s youngest mayor shot dead, police say

March 27, 2024

India’s gold demand recovers slightly but remains below...

February 28, 2025

Chechnya bans all music deemed too fast or...

April 9, 2024

Indian rupee rebounds slightly after hitting record low...

December 22, 2024

Biden administration bans drilling in nearly half of...

April 21, 2024

US, Chinese officials discuss Biden-Xi talks as American...

August 30, 2024

Europe faces a hostile Russia and the prospect...

July 19, 2024

Bishop among several people stabbed in Sydney, days...

April 16, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Why Asia is quietly turning its back on US dollar

      May 11, 2025
    • President Trump floats 80% tariff on Chinese goods ahead of key trade talks

      May 11, 2025
    • UK’s Crown Estate clears offshore wind expansion to raise energy output

      May 11, 2025
    • What extended conflict between India and Pakistan could cost their economies

      May 11, 2025
    • CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

      May 10, 2025

    Categories

    • Business (2,842)
    • Investing (2,380)
    • Latest News (1,984)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved