G7 ministers to agree coal plants shutdown by 2030-2035, UK says

Published On : 04/29/2024

TURIN (Reuters) – Energy ministers from the Group of Seven (G7) wealthy countries have agreed to shut down coal-fired power plants by 2030-2035, Britain’s minister for Energy Security and Net Zero Andrew Bowie told Class CNBC on Monday.

“It is an historic agreement,” Bowie told Class CNBC according a video posted on X by the broadcaster.

The deal is set to be formalised at the G7 energy ministers’ meeting in Turin taking place on Monday and Tuesday.

One source told Reuters earlier that diplomats from the G7 nations – Italy, the United States, Britain, France, Germany, Canada and Japan – discussed the issue until late on Sunday, before the start of the ministerial gathering.

The agreement marks a significant step in the direction indicated last year by the COP28 United Nations climate summit for a transition away from fossil fuels, among which coal is the most polluting.

(Reporting by Francesca Landini; Editing by Gavin Jones, Alvise Armellini and Jan Harvey)

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