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

One of Saturn’s smallest moons has a secret...

February 8, 2024

Japan’s rice price surge: what’s driving it and...

June 22, 2025

Netanyahu directs Israeli military to draw up plan...

February 11, 2024

Is Russia’s economy too fragile to sustain its...

December 25, 2024

Who is David Sacks? Trump’s new crypto and...

December 6, 2024

Navy aviator scores first air-to-air victory by a...

July 22, 2024

Zelensky says Russian forces started fire at Russian-controlled...

August 12, 2024

Senior Hamas official says he ‘cannot reassure anyone’...

March 16, 2024

Maha Kumbh Mela stampede: dozens feared dead at...

January 29, 2025

Chinese rocket crashes after accidental launch during ground...

July 2, 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

    • From $824 to over $1,300: how soaring rents are consuming American paychecks

      July 27, 2025
    • India-UK sign historic free trade deal: here’s all you need to know

      July 24, 2025
    • Talen Energy surges 25% to ATH after strategic natural gas power plant acquisition

      July 20, 2025
    • US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

      July 20, 2025
    • Trump sues Murdoch and News Corp over Wall Street Journal’s Epstein report

      July 20, 2025

    Categories

    • Business (3,490)
    • Investing (2,665)
    • Latest News (2,023)
    • 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