According to a White House statement, G7 leaders are expected to announce on Sunday that they will end all new direct government support for coal by the end of the year unless they are “cleaned up” through a decarbonization process.
Coal is the dirtiest fossil fuel and one of the biggest contributors to climate change. The G7 leaders are expected to announce that they will cut their CO2 emissions at least in half by 2030 compared to 2010, and reducing coal use could help meet that goal.
However, some scientists and environmentalists are wary of claims about “clean” fossil fuels, arguing that the world should switch entirely to renewable energies instead.
The White House said in a statement that the G7 leaders, which will conclude a three-day summit in Cornwall, England on Sunday, have agreed “concrete measures” to accelerate the world’s transition from coal to cleaner energy sources.
“Recognizing that unabated coal-fired power is the single largest source of greenhouse gas emissions in the world, and in line with President Biden’s domestic leadership, the G7 leaders will commit to new direct government support for undiminished international steam coal production by At the end of this year, the year will be discontinued, ”the statement said.
“Unreduced coal” refers to coal that has not been decarbonised.
The announcement will be accompanied by a green global infrastructure plan – “Build Back Better for the World” – unveiled as an alternative to China’s sprawling belt-and-roads program, which involves building railways, highways and other major infrastructure projects with around 100 Treaties includes countries.
The program has enabled China to raise its profile and global influence, particularly in developing countries and in countries like Eastern Europe.
The White House statement said Canada, Germany, the United Kingdom and the United States would allocate up to $ 2 billion to support the Climate Investment Fund, which is helping the transition of coal to developing countries.
Despite the announcement that they will end support for coal-fired power plants abroad, some G7 countries are still showing support for fossil fuel.
The UK government, for example, approved plans for a new deep coal mine in Cumbria, the first in 30 years, although its future is in doubt after a backlash and an environmental impact study. Japan has agreed to phase out old, inefficient coal-fired power plants, but is still heavily dependent on fossil fuels.
Read Also :