G7 reaches deal to exit from coal by 2035
(VOVWORLD) - Energy ministers from the Group of Seven (G7) major democracies reached a deal to shut down their coal-fired power plants in the first half of the 2030s, in a significant step towards the transition away from fossil fuels.
 G7 reaches deal to exit from coal by 2035 |
"There is a technical agreement, we will seal the final political deal on Tuesday," said Italian energy minister Gilberto Pichetto Fratin, who is chairing the G7 ministerial meeting in Turin.
On Tuesday the ministers will issue a final communique detailing the G7 commitments to decarbonise their economies.
Pichetto said the ministers were also pondering potential restrictions to Russian imports of liquefied natural gas to Europe which the European Commission is due to propose in the short-term.