• Gustavo Bernal Torres

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.


Source: https://www-edie-net.cdn.ampproject.org/c/s/www.edie.net/g7-nations-agree-on-low-carbon-energy-grids-by-2035-and-fossil-fuel-funding-phase-outs/?amp=true

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