G7 Countries Agree to Exit From Coal by 2035
30 Apr 2024
The agreement follows several failed attempts
by the seven economic superpowers to set a timeline for a coal phaseout, though
some environmental groups have said the deal is “too little, too late.”
The Group of Seven (G7) reached an agreement to exit
coal in the first half of the 2030s, marking a significant first step toward the
international pledge made at COP28 last year.
Energy ministers from Canada, France, Germany, Italy,
Japan, the UK and the US met last weekend in the Italian city of Turin for the
first time since the UN climate summit, which ended with an unprecedented deal to “transition away”
from fossil fuels and phase out unabated coal power, by far the
most polluting fuel.
In an interview with Class CNBC, UK minister
for nuclear and renewables Andrew Bowie described the agreement as “historic.”
“To have the G7 nations come around the table and send
a signal to the world that we, the advanced economies of the world, are
committing to phase out coal by the early 2030s, is quite incredible,” Bowie
said.
Previous attempts to provide a concrete timeline for
coal phaseout failed. Talks in 2023 ending with a commitment to accelerate the
transition to renewable energy and “fully or predominantly” decarbonise the
power sector by 2035 that stopped short of endorsing a 2030 deadline that
Canada and other countries had campaigned for. The year prior, the
seven nations agreed to end fossil fuel subsidies abroad by 2025,
recognizing for the first time that such subsidies are, in fact, incompatible
with the Paris Agreement 1.5C pathway.
With the exception of Japan, all G7 countries have a
domestic coal phaseout commitment and are committed to net-zero by no longer
than 2050. Combined, the seven economic superpowers accounted for 21% of global power sector
emissions in 2022. While coal represents a very small proportion of the energy mix
of France, Italy, Canada and the UK, Germany, the US, and Japan still rely on
the planet-warming fuel for 27%, 19%, and 34% of their total energy,
respectively.
With the exception of Japan, all G7
countries have a domestic coal phaseout commitment and are committed to
net-zero by no longer than 2050. Image: Third Generation Environmentalism (E3G).
In response to the announcement, Tracy
Carty from Greenpeace International said the pledge is “too little, too late.”
“If [G7 countries] are serious and aligned with what
the science says is needed to keep 1.5° within reach, G7 countries must ditch
this dinosaur planet wrecking fuel no later than 2030 – and as the climate
emergency demands they can’t just stop at coal: Fossil fuels are destroying
people and planet and a commitment to rapidly phase out all fossil fuels –
coal, oil and gas – is urgently needed,” she said in a statement.
Fossil fuels are still predominant around the
world. Last year, they accounted for over 70% of the global energy supply.
Global energy-related carbon dioxide (CO2) emissions hit a record high last year, according to the
International Energy Agency (IEA), which said the rise was partly driven by
increased fossil fuel use in drought-stricken regions.