The Limited Times

Now you can see non-English news...

Enough for climate change? G7 nations agree on a significant step

2021-05-28T07:03:33.983Z


Fossil energies are critical for humans and nature, the coal phase-out is imminent. The G7 states agree on a measure with regard to the impending climate collapse.


Fossil energies are critical for humans and nature, the coal phase-out is imminent.

The G7 states agree on a measure with regard to the impending climate collapse.

Berlin - A virtual get-together with groundbreaking importance: According to the Federal Environment Ministry (BMU), the G7 have agreed on an end to state funding for coal-fired power plants abroad. The industrialized nations had come to the agreement "that worldwide further investments in coal-fired power generation must stop now". This would not be compatible with the 1.5 degree target, explained Svenja Schulze (SPD) after two days of discussions with her colleagues from France, Italy, Japan, Canada, the USA and Great Britain as well as the EU.

"This is an important step forward, because this is the only way we as industrialized countries can credibly demand that others follow us on this path," continued the Federal Environment Minister.

“In this decade, the world needs a trend reversal towards the protection of our livelihoods.” Another important point is support for developing countries with regard to measures for more climate protection.

Coal phase-out: G7 countries decide to end state funding

The promising resolutions should not, however, go hand in hand with economic compromises: "We are convinced that the energy transition can become a growth and innovation engine for our economy and that it will also strengthen industry in the long term," said Parliamentary State Secretary Thomas Bareiß.

The compatibility of environmental protection and the mantra economic growth is one of the greatest challenges.

The financial compensation for energy companies is also a point that needs to be mentioned in this regard.

Operators receive millions from the federal government because electricity generation using nuclear and coal-fired power is not sustainable.

The federal government had only a few days ago put industry and climate protectors into an uproar with a new climate law.

Specifically, in addition to the end of government coal financing, the participants also called for 30 percent of the land and the sea area to be protected by 2030.

In addition, the electricity supply in the 2030s should largely do without coal, oil and gas (decarbonization).

The UK chaired the digital conference that ran for two days.

The fight against wildlife trafficking and the agreement to promote sustainable, deforestation-free supply chains were further elements of the meeting of the environment and energy ministers of the G7 countries.

(PF with dpa / AFP) * Merkur.de / bayern is an offer from IPPEN.MEDIA

Source: merkur

All news articles on 2021-05-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.