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The most important thing here is that the G7 countries will close coal-fired power plants by the early 2030s

The most important thing here is that the G7 countries will close coal-fired power plants by the early 2030s

Energy ministers from the G7 countries have agreed to phase out coal-fired power stations by the early 2030s. This decision represents an important step towards reducing the use of fossil fuels. According to Gilberto Bechetto Frattin

The technical agreement is ready and the final political decision will be announced on Tuesday.

The final statement will include details of the commitments under which the G7 is committed to reducing carbon dioxide emissions in their economies. Bechetto added that they are also considering limiting the import of Russian liquefied natural gas to Europe, which the European Commission will soon propose. We wrote about this in more detail on Monday in connection with the EU's upcoming 14th sanctions package against Russia:

The G7 agreement on coal is in line with guidelines set out at last year's COP28 UN climate change summit, which aims to phase out fossil fuels, especially highly polluting coal. In Italy, 4.7% of electricity currently comes from coal-fired power plants. But they plan to close these factories by 2025, with the exception of Sardinia, where they plan to do so by 2028.

In Germany and Japan, they rely more on coal; In these countries, more than 25% of electricity last year came from coal. G7 countries have already agreed to prioritize specific steps to phase out coal-based power production, although no specific deadline has been set.

The issue of nuclear energy and biofuels also occupies a high place on the Italian agenda. All of these will feature in the final declaration as opportunities to decarbonize energy production and transportation. According to the information On Tuesday, they could also announce that by 2030 battery capacity will have to be increased six times compared to what it was in 2022. This would be a key step in terms of storing renewable energy sources and thus stabilizing energy supplies.

See also  Economy: Ojeleye knows that Brussels is not satisfied with judicial reform

Source: Reuters

Cover image source: Getty Images

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