The G7 is committed to taking concrete steps towards a complete end to new direct support for coal-fired power plants.
On May 21, G7 pledged to completely stop funding coal-fired power plants. On May 21, environment ministers from the Group of Top Industrialized Countries (G7) agreed to take concrete steps by the end of the year to stop government funding for coal-fired power plants as part of efforts to curb global warming. In a statement after the two-day video conference, the G7 environment ministers said: “(We) are committed to taking concrete steps towards an absolute end to the new direct government assistance. for international coal-fired power generation by the end of 2021, including through Official Development Assistance (ODA), export finance, investment, financial support and trade promotion” . However, the statement did not mention the possibility of phasing out coal-fired power generation, leading analysts to believe that the G7’s call would have little impact on global efforts to tackle the problem. climate change issue. The removal of government support for fossil fuel financing, which emits large amounts of greenhouse gases that warm the Earth, is seen as essential to limiting the growth of fossil fuels. global temperature increase at 1.5 degrees Celsius, above pre-industrial levels. (according to Kyodo)
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