G7 reach deal to exit from coal by 2035
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The news: Energy ministers from the Group of Seven (G7) major democracies have reached a deal to shut down their coal-fired power plants in the first half of the 2030s.
The numbers: Italy last year produced 4.7% of its total electricity through coal-fired stations, with plans to turn off its plants by 2025, except on the island of Sardinia. In Germany and Japan coal has a bigger role, with the share of electricity produced by the fuel higher than 25% of total last year.
The context: The agreement on coal marks a significant step in the direction indicated last year by the COP28 United Nations climate summit to phase out fossil fuels, of which coal is the most polluting.
Italian energy minister Gilberto Pichetto Fratin, who is chairing the G7 ministerial meeting in Turin, said the ministers had reached a technical agreement, with a final political deal to be sealed on Tuesday. The ministers will also issue a final communique detailing the G7 commitments to decarbonise their economies.
The G7 bloc is also expected to indicate the need for a six-fold increase in battery capacity by 2030 from 2022 levels, an unnamed source told Reuters.
The source: Reuters
