G7 leaders agree to end new government support for coal power by the end of 2021

"We stress that international investments in unabated coal must stop now and we commit now to an end to new direct government support for unabated international thermal coal power generation by the end of 2021," they said.

US President Joe Biden, speaking after the summit, noted a commitment of up to $2 billion"to support developing countries as they transition away from unabated coal-fired power." The nations, in their statement, vowed to focus on other technologies, including carbon capture, to help speed up the transition away from coal.

"We will focus on accelerating progress on electrification and batteries, hydrogen, carbon capture, usage and storage, zero-emission aviation and shipping, and for those countries that opt to use it, nuclear power," the communique said.The pledge comes as veteran environmentalist and broadcaster David Attenborough told the gathering of the world's richest nations the natural world was"greatly diminished" and inequality was widespread.

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

G7 Summit: Biden urges G7 leaders to call out, compete with ChinaThe proposal is part of US President Joe Biden’s campaign for democratic leaders to present a unified front to compete economically with China. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »

G7 leaders to adopt climate change plan to phase out coal power stationsThe group of leading economies will agree to protect at least 30 percent of both land and ocean globally by the end of the decade, as their three-day summit...
Source: SBSNews - 🏆 3. / 89 Read more »

G7 summit outlines health pact to stop future pandemicsIt is the leaders' first in-person meeting in this format in two years, after the G7 leaders met virtually last year due to the pandemic.
Source: SBSNews - 🏆 3. / 89 Read more »

UK PM warns G7 leaders pandemic could have 'lasting scar'Opening three days of talks with fellow G7 leaders in Cornwall, southwest England on Friday, Boris Johnson said there was a risk the pandemic could leave a "lasting scar" as "inequalities may be entrenched"
Source: 9NewsAUS - 🏆 10. / 72 Read more »

UK hails G7 declaration on preventing future pandemicsIt is the leaders' first in-person meeting in this format in two years, after the G7 leaders met virtually last year due to the pandemic.
Source: SBSNews - 🏆 3. / 89 Read more »

‘They know it’s not enough’: G7 under fire over 1 billion vaccines pledgeWorld leaders are being warned their plan to donate 1 billion vaccine does not go far enough and is “taking a gamble” with the economy.
Source: smh - 🏆 6. / 80 Read more »