G7 to end state financing for coal power plants by end-2021

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London, United Kingdom — The Group of Seven (G7) wealthy nations on Friday agreed to end state financing of coal-fired power plants by the end of this year, and to “mostly decarbonize” electricity supplies in the 2030s.

Ahead of a leaders meeting in Britain next month, G7 countries’ climate and environment ministers also reaffirmed their commitment to limit keep temperature rises below 1.5 degrees Celsius by 2050, following a two-day virtual meeting.

Scientists say any increases beyond that will trigger uncontrollable climate change.

“Recognising that continued global investment in unabated coal power generation is incompatible with keeping 1.5C within reach, we stress tha…

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