G7 Nations Agree on Low-Carbon Energy Grids by 2035 and Fossil Fuel Funding Phase-Outs
Ministers have pledged to deliver “predominantly” low-carbon power grids, effectively decarbonising the electricity mix, by 2035.
The communique states that the new targets are “consistent with our 2030 NDCs (Nationally Determined Contributions), our power sector transition commitments and our respective net-zero commitments, concrete and timely steps towards the goal of an eventual phase-out of domestic unabated coal power generation”.
While the announcement is a welcome step forward, Reuters has reported that a draft version of the communique committed to deliver these fossil-fuel-free electricity networks by 2030. This was dropped from the final agreement, with a water-downed target of a “predominantly” carbon-neutral system instead introduced.