(ANSA) - ROME, APR 30 - The G7 countries have committed to
"phase out existing unabated coal power generation in our energy
systems during the first half of 2030 or within a timeline
consistent with keeping a limit of 1.5°C temperature rise within
reach" read the final document of the meeting of G7 environment,
energy and climate ministers in Turin.
The G7 pledged to push for an end to the approval of new
coal-fired electricity plants at the global level as soon as
possible too.
The group also committed to supporting "support tripling global
renewable energy capacity and strengthen energy security by
increasing system flexibility through demand response, grid
reinforcement, and smart grid deployment, including contributing
to a global goal for energy storage in the power sector of 1500
GW in 2030, a more than six-fold increase from 230 GW in 2022
including through existing targets and policies".
The G7 said "those countries that are capable of contributing"
should pay to help poorer countries face the climate crisis.
"We recall that the new goal shall be set from a floor of USD
100 billion per year, taking into account the needs and
priorities of developing countries," it said.
"We recognise that the new goal is a unique opportunity to
strengthen the international finance climate landscape in this
critical decade and the need to develop a new goal that is
fit-for-purpose and reflects a scaled up global effort in the
mobilization of climate finance capturing evolved global
circumstances, the dynamic nature of economic capabilities by
mobilizing climate finance from a wide variety of sources,
instruments and channels, including innovative sources".
The two-day meeting at Turin's Palace of Venaria has been
accompanied by protests at world leaders' failure to tackle the
climate crisis caused by human greenhouse gas emissions by,
among other things, phasing out the use of fossil fuels such as
oil, gas and coal.
Traffic was halted in the northern city on Sunday and images of
United States President Joe Biden, British Prime Minister Rishi
Sunak and Italian Premier Giorgia Meloni were burned during the
demonstrations. (ANSA).