Financial News

G7 Agree to End Coal Power Generation by 2035

The Group of Seven Nations (G7) has ramped up its green-energy transition efforts with an expedited timeline that will see its member nations stop the “unabated use” of coal by the year 2035. This represents a significant breakthrough in climate policy after G7 negotiators spent several years unsuccessfully trying to set a common target for eliminating unabated coal use.

Shortly after G7 climate, environment and energy ministers held talks in Italy to discuss a common target for the phase-out of coal-fired power plants, the…

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