Zürcher Nachrichten - G7 eyes possible end date for coal-fired power plants

EUR -
AED 4.247529
AFN 76.908434
ALL 93.25446
AMD 422.256034
AOA 1060.581278
ARS 1725.019417
AUD 1.637031
AWG 2.083285
AZN 1.970693
BAM 1.956523
BBD 2.322558
BDT 142.742747
BHD 0.434861
BIF 3452.475775
BMD 1.156577
BND 1.477646
BOB 13.705064
BRL 5.879227
BSD 1.153126
BTN 109.730548
BWP 15.564752
BYN 3.433669
BYR 22668.916725
BZD 2.319157
CAD 1.613466
CDF 2616.75369
CHF 0.933803
CLF 0.026839
CLP 1056.320336
CNY 7.804123
CNH 7.798559
COP 3634.943201
CRC 524.193703
CUC 1.156577
CUP 30.649301
CVE 110.305761
CZK 24.260948
DJF 205.34588
DKK 7.475844
DOP 67.314875
DZD 153.025547
EGP 57.297834
ERN 17.348661
ETB 186.120676
FJD 2.554359
FKP 0.857579
GBP 0.856804
GEL 3.018572
GGP 0.857579
GHS 13.532
GIP 0.857579
GMD 85.003173
GNF 10127.742451
GTQ 8.798251
GYD 241.249148
HKD 9.073552
HNL 30.907421
HRK 7.539497
HTG 150.775715
HUF 363.822817
IDR 20588.234011
ILS 3.469559
IMP 0.857579
INR 110.11831
IQD 1510.558189
IRR 1590930.020376
ISK 142.651808
JEP 0.857579
JMD 183.12767
JOD 0.82005
JPY 182.412495
KES 149.215139
KGS 101.142765
KHR 4683.730754
KMF 492.701994
KRW 1628.299593
KWD 0.35699
KYD 0.960955
KZT 540.439706
LAK 26035.620805
LBP 103262.458029
LKR 386.782926
LRD 208.136912
LSL 18.733723
LTL 3.415072
LVL 0.699602
LYD 7.33471
MAD 10.747171
MDL 20.05241
MGA 4920.818364
MKD 61.552745
MMK 2428.291317
MNT 4158.881925
MOP 9.318143
MRU 46.35613
MUR 54.439938
MVR 17.868685
MWK 1999.538879
MXN 19.842803
MYR 4.730516
MZN 73.911064
NAD 18.733723
NGN 1578.566081
NIO 42.435681
NOK 10.982478
NPR 175.568877
NZD 1.96293
OMR 0.442614
PAB 1.153126
PEN 3.905143
PGK 5.095883
PHP 70.210033
PKR 320.136598
PLN 4.298016
PYG 6856.533659
QAR 4.215258
RON 5.246579
RSD 117.383376
RUB 94.346312
RWF 1695.626576
SAR 4.3311
SBD 9.328602
SCR 16.711475
SDG 694.535451
SEK 10.926111
SGD 1.47809
SLE 28.45001
SOS 659.043533
SRD 43.795536
STD 23938.816727
STN 24.509057
SVC 10.089728
SZL 18.729921
THB 38.224743
TJS 10.637631
TMT 4.059587
TND 3.387652
TRY 55.157951
TTD 7.815888
TWD 37.300319
TZS 3052.928132
UAH 51.645684
UGX 4295.587326
USD 1.156577
UYU 46.417152
UZS 13791.096151
VES 874.097703
VND 30307.532057
VUV 137.120508
WST 3.161754
XAF 656.199482
XAG 0.018195
XAU 0.000266
XCD 3.125708
XCG 2.078268
XDR 0.816102
XOF 656.199482
XPF 119.331742
YER 275.730918
ZAR 18.668599
ZMK 10410.580205
ZMW 21.765043
ZWL 372.417446
  • CMSC

    0.0240

    21.744

    +0.11%

  • RYCEF

    0.2300

    20.85

    +1.1%

  • RIO

    1.4500

    101.1

    +1.43%

  • CMSD

    -0.1600

    21.82

    -0.73%

  • RBGPF

    0.7600

    70.5

    +1.08%

  • GSK

    0.7900

    52.96

    +1.49%

  • BCE

    -0.0200

    22.75

    -0.09%

  • VOD

    0.1900

    16.19

    +1.17%

  • NGG

    0.4700

    80.88

    +0.58%

  • BTI

    0.6000

    59.33

    +1.01%

  • JRI

    0.1500

    12.81

    +1.17%

  • RELX

    0.0485

    35.52

    +0.14%

  • BP

    -0.6000

    41.63

    -1.44%

  • BCC

    2.3400

    86.6

    +2.7%

  • AZN

    1.4100

    161.42

    +0.87%

G7 eyes possible end date for coal-fired power plants
G7 eyes possible end date for coal-fired power plants / Photo: MARCO BERTORELLO - AFP

G7 eyes possible end date for coal-fired power plants

G7 energy ministers on Monday discussed a possible time frame for phasing out coal-fired power plants, as the UN warned "excuses" for failing to take bold actions on climate change were "not acceptable".

Text size:

The Group of Seven meeting in Turin is the first big political session since the world pledged at the UN's COP28 climate summit in December to transition away from coal, oil and gas.

Energy and ecological transition ministers from the G7 were on Monday, the first of two-day talks, close to committing to a common target of shutting down coal-fired power plants, several sources told AFP.

They looked likely to commit to close them "in the first half of the 2030s", a European source told AFP.

The latest G7 draft commits to "phase out existing unabated coal power generation in our energy systems during the first half of 2030s or in a timeline consistent with keeping a limit of 1.5°C temperature rise within reach, in line with countries' net zero pathways", the source said.

A fixed time frame would be hailed as an important step.

UN climate chief Simon Stiell earlier Monday urged the highly industrialised countries to use their political clout, wealth and technologies to end fossil fuel use.

"It is utter nonsense to claim the G7 cannot -- or should not -- lead the way on bolder climate actions," Stiell, who leads the United Nations climate change organisation, told the ministers.

- Climate change hotspot -

The talks come as a new report by a global climate institute shows the G7 -- which includes Canada, France, Germany, Italy, Japan, the UK and the US -- is falling far short of its targets.

Hundreds of protesters demonstrated in Turin on Sunday, some burning photos of the G7 leaders they accuse of failing future generations.

Environmentalists want to know how the energy and environment ministers intend to follow through on pledges, such as the agreement at COP28 in Dubai to double energy efficiency rates and triple renewable capacity by 2030.

Rome, which holds the G7 rotating presidency this year, wants Turin to be "a strategic link" between last year's UN climate talks and COP29, which will take place in November in Azerbaijan.

Italy, a climate change hotspot vulnerable to wildfires, drought and glacier retreat, is putting "biodiversity, ecosystems, warming seas" high on the agenda, according to Italian Environment and Energy Security Minister Gilberto Pichetto Fratin.

Ministers are discussing "renewables, energy efficiency, phasing out fossil fuels" as well as "research for next-generation nuclear power, fusion, the circular economy, critical raw materials, biofuels," he said.

The G7 was expected in its final statement Tuesday to commit to reducing plastic production in order to tackle the global scourge of pollution, France's ecological transition ministry said.

Plastics are found everywhere from mountaintops to ocean depths, and in human blood and breast milk.

- 'More ambitious' -

Together the G7 makes up around 38 percent of the global economy and was responsible for 21 percent of total greenhouse gas emissions in 2021, according to the Climate Analytics policy institute.

Not one member of the group is on track to meet existing emission reduction targets for 2030, the institute said last week.

The Alliance of Small Island States (AOSIS) called on the G7 Monday to adopt "significantly more ambitious plans to cut emissions".

"We are seeing islands being swallowed by the seas, and record-breaking temperatures making essential activities like farming unbearable," it said.

Climate watchers hope for more funds for adaptation to climate change, and Italy said the G7 would discuss "innovative" financing models amid calls for more accessible finance for vulnerable countries.

The UN's Stiell said the G7 needed to see "a quantum leap in climate finance as core business".

"'Challenging budget conditions' is not an acceptable excuse for failing to deliver substantial new public climate finance pledges," he told the ministers.

P.E.Steiner--NZN