Group of Seven energy, climate and environment ministers have agreed to decarbonise their power sectors by 2035, to end international financing of fossil fuels by the end of this year, and to phase out unabated coal. G7 ministers meeting in Berlin committed to the accelerated phasing in of electric vehicles, announcing plans for a “highly decarbonized road sector by 2030,”. The group also recognised the need to provide additional funding to developing countries due to the loss and damage caused by climate change. According to Associated Press, US Climate Envoy John Kerry called the announcements “very comprehensive and forward-leaning”. The agreements must be ratified at a G7 leaders’ summit in next month.
I welcome some historic pledges at the @G7 Climate, Energy & Environment Ministerial
✅ Ending international fossil fuel finance by the end of 2022
✅ Goal to phaseout unabated coal
Climate & environmental security are intrinsically linked to energy & national security pic.twitter.com/rySLdj63s3
— Alok Sharma (@AlokSharma_RDG) May 27, 2022