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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.

Best Banking Stocks in India Personalized Investment Strategies ✌️【Career Development】✌️ Free real-time global stock indices and data to help you grasp stock market trends and achieve capital growth. 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.”

Best Banking Stocks in India Personalized Investment Strategies ✌️【Career Development】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. 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.

Best Banking Stocks in India Personalized Investment Strategies ✌️【Career Development】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. Several members of the G7, which represents the biggest economies in the developed world, have already come close to ending the use of coal. Coal makes up less than 6% of the electricity mix in the UK, Italy and Canada, and almost nothing in France. But it still comprises 32% of Japan’s electricity mix, 27% of Germany’s and 16% of the US’, according to the think tank Ember.

Best Banking Stocks in India Personalized Investment Strategies ✌️【Career Development】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. The agreement comes just days after the US Environmental Protection Agencyannounced new rulesthat will require coal-fired power plants to either capture nearly all of their climate pollution or shut down by 2039. 【 - Free Stock Market Forums 】 has reached out to the White House and State Department for comment.

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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.

Best Banking Stocks in India Personalized Investment Strategies ✌️【Career Development】✌️ Get accurate stock forecasts and market predictions from top financial advisors. With real-time updates on stock indices, exchange rates, and futures data, you'll be equipped to make profitable decisions and grow your capital steadily. Ananalysis by the think tankshows all coal use in G7 nations needs to end by 2030 at the latest – and natural gas use should end by 2035 – to prevent global warming exceeding the 1.5-degree threshold.

“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 Forums 】 has previously reported.

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