The Fort Worth Press - G7 eyes possible end date for coal-fired power plants

USD -
AED 3.672502
AFN 64.000263
ALL 82.887148
AMD 366.961185
ANG 1.790403
AOA 916.999974
ARS 1477.282482
AUD 1.451326
AWG 1.8
AZN 1.69974
BAM 1.719513
BBD 2.010673
BDT 122.690487
BGN 1.69088
BHD 0.376397
BIF 2974.792134
BMD 1
BND 1.295148
BOB 6.89258
BRL 5.176601
BSD 0.998341
BTN 94.112631
BWP 13.622705
BYN 2.840941
BYR 19600
BZD 2.007699
CAD 1.419465
CDF 2269.999442
CHF 0.809125
CLF 0.023381
CLP 920.204301
CNY 6.80385
CNH 6.806635
COP 3447.33
CRC 454.351489
CUC 1
CUP 26.5
CVE 97.350115
CZK 21.33975
DJF 177.776214
DKK 6.57171
DOP 59.37498
DZD 133.406996
EGP 49.511101
ERN 15
ETB 157.452947
EUR 0.87917
FJD 2.266102
FKP 0.756718
GBP 0.757645
GEL 2.644983
GGP 0.756718
GHS 11.249719
GIP 0.756718
GMD 73.000293
GNF 8779.999741
GTQ 7.610005
GYD 208.702762
HKD 7.84129
HNL 26.71295
HRK 6.624102
HTG 130.476672
HUF 311.820498
IDR 17932.85
ILS 2.999203
IMP 0.756718
INR 94.688449
IQD 1307.718026
IRR 1375050.000419
ISK 126.597116
JEP 0.756718
JMD 157.33372
JOD 0.709004
JPY 161.625503
KES 129.529701
KGS 87.450007
KHR 4020.149139
KMF 434.00027
KPW 900.00035
KRW 1545.310216
KWD 0.30966
KYD 0.831896
KZT 483.810797
LAK 22188.003203
LBP 89397.304146
LKR 336.454108
LRD 181.540044
LSL 16.531463
LTL 2.95274
LVL 0.60489
LYD 6.410995
MAD 9.415497
MDL 17.719258
MGA 4256.067999
MKD 54.183404
MMK 2099.450161
MNT 3580.242389
MOP 8.062139
MRU 39.651054
MUR 47.710121
MVR 15.449697
MWK 1731.111883
MXN 17.5381
MYR 4.100597
MZN 63.915223
NAD 16.531463
NGN 1376.119947
NIO 36.733491
NOK 9.88535
NPR 150.695297
NZD 1.772125
OMR 0.3845
PAB 0.99749
PEN 3.422005
PGK 4.380744
PHP 61.303503
PKR 277.832264
PLN 3.76694
PYG 6100.388479
QAR 3.645025
RON 4.602102
RSD 103.16901
RUB 75.351681
RWF 1466.964054
SAR 3.748015
SBD 8.051953
SCR 13.241511
SDG 600.000121
SEK 9.73885
SGD 1.296115
SHP 0.746601
SLE 24.796392
SLL 20969.503664
SOS 570.490909
SRD 37.320245
STD 20697.981008
STN 21.55618
SVC 8.735131
SYP 110.532098
SZL 16.530795
THB 33.4385
TJS 9.221714
TMT 3.5
TND 2.937497
TOP 2.40776
TRY 46.616399
TTD 6.780108
TWD 31.864013
TZS 2627.689002
UAH 44.889771
UGX 3690.695456
UYU 40.019342
UZS 11982.22316
VES 620.752985
VND 26309.5
VUV 119.950905
WST 2.785497
XAF 577.139891
XAG 0.017722
XAU 0.000249
XCD 2.70255
XCG 1.799113
XDR 0.717821
XOF 577.180517
XPF 104.849947
YER 238.625001
ZAR 16.52215
ZMK 9001.205413
ZMW 18.019596
ZWL 321.999592
  • BCC

    2.1000

    79.76

    +2.63%

  • NGG

    0.5900

    83.42

    +0.71%

  • GSK

    0.8000

    51.89

    +1.54%

  • BTI

    1.0900

    62.48

    +1.74%

  • CMSC

    -0.0190

    22.046

    -0.09%

  • RIO

    1.0800

    95.11

    +1.14%

  • CMSD

    -0.0900

    21.93

    -0.41%

  • AZN

    2.6600

    185.68

    +1.43%

  • BCE

    0.0000

    23.2

    0%

  • BP

    -0.1400

    37.72

    -0.37%

  • RBGPF

    0.0000

    61.3

    0%

  • RYCEF

    0.7000

    18.7

    +3.74%

  • JRI

    0.0100

    12.58

    +0.08%

  • VOD

    0.0500

    13.86

    +0.36%

  • RELX

    -0.2300

    30.92

    -0.74%

G7 eyes possible end date for coal-fired power plants
G7 eyes possible end date for coal-fired power plants / Photo: © AFP

G7 eyes possible end date for coal-fired power plants

G7 energy ministers on Monday discussed a possible time frame for phasing out coal-fired power plants, as the UN warned "excuses" for failing to take bold actions on climate change were "not acceptable".

Text size:

The Group of Seven meeting in Turin is the first big political session since the world pledged at the UN's COP28 climate summit in December to transition away from coal, oil and gas.

Energy and ecological transition ministers from the G7 were on Monday, the first of two-day talks, close to committing to a common target of shutting down coal-fired power plants, several sources told AFP.

They looked likely to commit to close them "in the first half of the 2030s", a European source told AFP.

The latest G7 draft commits to "phase out existing unabated coal power generation in our energy systems during the first half of 2030s or in a timeline consistent with keeping a limit of 1.5°C temperature rise within reach, in line with countries' net zero pathways", the source said.

A fixed time frame would be hailed as an important step.

UN climate chief Simon Stiell earlier Monday urged the highly industrialised countries to use their political clout, wealth and technologies to end fossil fuel use.

"It is utter nonsense to claim the G7 cannot -- or should not -- lead the way on bolder climate actions," Stiell, who leads the United Nations climate change organisation, told the ministers.

- Climate change hotspot -

The talks come as a new report by a global climate institute shows the G7 -- which includes Canada, France, Germany, Italy, Japan, the UK and the US -- is falling far short of its targets.

Hundreds of protesters demonstrated in Turin on Sunday, some burning photos of the G7 leaders they accuse of failing future generations.

Environmentalists want to know how the energy and environment ministers intend to follow through on pledges, such as the agreement at COP28 in Dubai to double energy efficiency rates and triple renewable capacity by 2030.

Rome, which holds the G7 rotating presidency this year, wants Turin to be "a strategic link" between last year's UN climate talks and COP29, which will take place in November in Azerbaijan.

Italy, a climate change hotspot vulnerable to wildfires, drought and glacier retreat, is putting "biodiversity, ecosystems, warming seas" high on the agenda, according to Italian Environment and Energy Security Minister Gilberto Pichetto Fratin.

Ministers are discussing "renewables, energy efficiency, phasing out fossil fuels" as well as "research for next-generation nuclear power, fusion, the circular economy, critical raw materials, biofuels," he said.

The G7 was expected in its final statement Tuesday to commit to reducing plastic production in order to tackle the global scourge of pollution, France's ecological transition ministry said.

Plastics are found everywhere from mountaintops to ocean depths, and in human blood and breast milk.

- 'More ambitious' -

Together the G7 makes up around 38 percent of the global economy and was responsible for 21 percent of total greenhouse gas emissions in 2021, according to the Climate Analytics policy institute.

Not one member of the group is on track to meet existing emission reduction targets for 2030, the institute said last week.

The Alliance of Small Island States (AOSIS) called on the G7 Monday to adopt "significantly more ambitious plans to cut emissions".

"We are seeing islands being swallowed by the seas, and record-breaking temperatures making essential activities like farming unbearable," it said.

Climate watchers hope for more funds for adaptation to climate change, and Italy said the G7 would discuss "innovative" financing models amid calls for more accessible finance for vulnerable countries.

The UN's Stiell said the G7 needed to see "a quantum leap in climate finance as core business".

"'Challenging budget conditions' is not an acceptable excuse for failing to deliver substantial new public climate finance pledges," he told the ministers.

C.M.Harper--TFWP