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Industrial Valve Summit

G7, there is the agreement to end coal

inNews 2021 oil&gas

G7, there is the agreement to end coal

The G7 countries intend to put a large-scale end to coal-fired energy production gradually but with a commitment to and a large part of the decarbonization of their energy sectors by 2035. The seven major industrialized countries have committed themselves to strengthening their climate protection measures. The transport sector should be as CO2-free as possible by 2030. In addition, the development and production of hydrogen must be promoted. Fossil fuel subsidies will be abolished by 2025. A report on greater transparency is expected to be published next year. The G7 organization recognizes for the first time that countries particularly affected need more support in addressing climate damage. The volume of funding for projects in developing countries will be doubled by 2025. Japan is also committed to ending international fossil fuel funding by the end of this year.

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