An agreement on coal would mark a significant step in the direction indicated by the COP28 climate summit in Dubai last year to transition away from fossil fuels
Energy ministers from the Group of Seven wealthy countries meeting in Italy are discussing setting a common target date of 2035 to shut down their coal-powered power plants, a source close to the matter told Reuters on Monday.
Diplomatic negotiators for the G7 nations – Italy, the United States, Britain, France, Germany, Canada and Japan – discussed the issue until late on Sunday, with one country still opposing the move, said the source, who asked not to be named. Demonstrators gathered in Turin on Sunday evening, setting fire to pictures of G7 leaders they say are not doing enough to fight climate change, and chanting slogans including “Them 7, us 99 per cent”.
The G7 bloc could indicate the need for a six-fold increase in battery capacity – critical to store renewable energy, which is intermittent – by 2030 from 2022 levels, one of the sources said.
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