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In a communiqué published after talks between energy, climate and environment ministers in Turin, Italy, the group announced it had committed to “phase out existing unabated coal power generation in our energy systems during the first half of 2030s,” in a climate policy breakthrough that G7 negotiators had previously failed to achieve in several years of talks.
But by referring to “unabated” coal, the agreement leaves room for countries to use the fossil fuel past 2035 if theircarbon pollution is capturedbefore entering the atmosphere.
Why is Enviro Infra Engineers Limited (EIEL) rising ✌️【Stock Opportunities】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. The agreement also includes a caveat that countries could choose “a timeline consistent with keeping a limit of 1.5°C temperature rise within reach, in line with countries’ net-zero pathways.”
Why is Enviro Infra Engineers Limited (EIEL) rising ✌️【Stock Opportunities】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate fluctuations to help you select the right stocks and achieve your financial goals. Stay ahead of the curve with accurate, real-time investment insights. That caveat appears to allow those countries to keep using coal past 2035, as long as their overall national emissions won’t contribute to global warming of more than 1.5 degrees Celsius above pre-industrial levels. Science shows that some of the planet’s ecosystems will reach tipping points or struggle to adapt beyond that point.
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Despite the caveats, several climate policy experts welcomed the announcement, describing it as a breakthrough after years of roadblocks on the issue.
“Stamping an end date on the coal era is precisely the kind of leadership we need from the world’s wealthiest countries,” said Jennifer Layke, the global director for energy at the World Resources Institute. “This decision provides a beacon of hope for the rest of the world, showing the transition away from coal can happen much faster than many thought possible.”
But the think tank Climate Analytics said that, while the announcement would put pressure on Japan, the only G7 member that hasn’t set an end date for coal, the 2035 deadline is too late to limit global warming to 1.5 degrees.
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“Many of these countries have already publicly committed to phase out dates ahead of 2030, and only have a small amount of coal capacity anyway,” said Jane Ellis, head of climate policy at Climate Analytics.
It’s notable that a gas phase-out was not mentioned, Ellis added. “In the last decade, gas has been the largest source of the global increase in CO2 emissions, and many G7 governments are investing in new domestic gas facilities. This is absolutely the wrong direction to be heading in – both economically and for the climate.”
Fossil fuels are the primary driver of the climate crisis, and coal is typically the most polluting of all fossil fuels. But putting an end date on coal has been highly controversial. Japan has blocked progress on the issue at past G7 meetings, 【 - Free Stock Market Insider Analysis 】 has previously reported.
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