Air Pollution (Photo: Getty Images)
Such as Seven of the largest developed economies in the world On Friday, he agreed to halt international funding for coal-fired coal projects by the end of this year. carbonIn addition to phasing out subsidies for all fossil fuels, in order to meet global targets on climate change.
Halting fossil fuel financing is seen as a major step the world could take to limit global warming to 1.5 ° C above the pre-industrial period – which, according to scientists, would avoid the more devastating impacts of climate change.
Japan’s participation in the group that supports ending international financing of coal projects in such a short period of time means that countries that still subsidize raw materials, such as China, are becoming increasingly isolated and may face more pressure to abandon their use.
In a statement, seen and predicted by Reuters, the Group of Seven countries – the United States, the United Kingdom, Canada, France, Germany, Italy and Japan – plus the European Union, said that “ international coal investments ” were relentless (who did not). The balance of their emissions (must end now).
“We commit to taking concrete steps towards the absolute disruption of new government support for thermal power generation through coal“ unabated ”internationally by the end of 2021, including through official development assistance, export financing, investments and support for financial and trade promotion.
The G7 countries have also agreed to “work with other global partners to accelerate the development of zero-emission vehicles”, decarbonize the energy sector “overwhelmingly” in 2030 and move away from international financing of fossil fuels, although deadlines for achieving this goal are not mentioned.
The US climate envoy, John Kerry, asked the G20 countries (a group of the 20 largest economies in the world) to join the measures identified by the G7.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
