Dubai Telegraph - G7 eyes possible end date for coal-fired power plants

EUR -
AED 4.270651
AFN 72.672902
ALL 95.422215
AMD 429.02547
ANG 2.082077
AOA 1067.517186
ARS 1618.483848
AUD 1.626566
AWG 2.096078
AZN 1.973774
BAM 1.953151
BBD 2.343122
BDT 142.798158
BGN 1.941904
BHD 0.438812
BIF 3463.86137
BMD 1.162873
BND 1.487208
BOB 8.039234
BRL 5.848205
BSD 1.163322
BTN 111.584572
BWP 16.455963
BYN 3.237465
BYR 22792.305681
BZD 2.339767
CAD 1.599636
CDF 2610.64867
CHF 0.914599
CLF 0.026578
CLP 1046.027459
CNY 7.890205
CNH 7.919216
COP 4407.671428
CRC 527.729596
CUC 1.162873
CUP 30.816128
CVE 110.115645
CZK 24.332882
DJF 207.162578
DKK 7.472855
DOP 69.50692
DZD 154.525754
EGP 61.518758
ERN 17.443091
ETB 181.650343
FJD 2.562565
FKP 0.862723
GBP 0.870579
GEL 3.116726
GGP 0.862723
GHS 13.303185
GIP 0.862723
GMD 84.309218
GNF 10201.163663
GTQ 8.875077
GYD 243.394059
HKD 9.107113
HNL 30.939567
HRK 7.533552
HTG 152.326491
HUF 359.725389
IDR 20455.861774
ILS 3.398682
IMP 0.862723
INR 111.453503
IQD 1524.059056
IRR 1529177.651491
ISK 143.602844
JEP 0.862723
JMD 183.820675
JOD 0.824435
JPY 184.380467
KES 150.185168
KGS 101.69336
KHR 4667.749183
KMF 490.73227
KPW 1046.587595
KRW 1744.518339
KWD 0.358769
KYD 0.969502
KZT 546.158612
LAK 25513.833147
LBP 104179.488025
LKR 382.166578
LRD 212.894902
LSL 19.270711
LTL 3.433661
LVL 0.70341
LYD 7.387108
MAD 10.723755
MDL 20.126048
MGA 4842.515145
MKD 61.638519
MMK 2441.614111
MNT 4162.472663
MOP 9.383135
MRU 46.696663
MUR 54.85262
MVR 17.916265
MWK 2017.298534
MXN 20.208252
MYR 4.594552
MZN 74.318959
NAD 19.270463
NGN 1593.826688
NIO 42.812667
NOK 10.846201
NPR 178.534915
NZD 1.990718
OMR 0.447117
PAB 1.163342
PEN 3.988359
PGK 5.068126
PHP 71.724245
PKR 324.025388
PLN 4.246195
PYG 7089.384321
QAR 4.240748
RON 5.21664
RSD 117.388478
RUB 84.837746
RWF 1701.821006
SAR 4.38083
SBD 9.321746
SCR 15.977183
SDG 698.307965
SEK 10.982589
SGD 1.488506
SHP 0.868202
SLE 28.664959
SLL 24384.862344
SOS 664.909586
SRD 43.267005
STD 24069.117863
STN 24.466814
SVC 10.179193
SYP 128.535171
SZL 19.274106
THB 37.98524
TJS 10.854265
TMT 4.070055
TND 3.404882
TOP 2.799918
TRY 52.962748
TTD 7.896968
TWD 36.695032
TZS 3023.469146
UAH 51.367628
UGX 4368.075366
USD 1.162873
UYU 46.596798
UZS 13931.343839
VES 593.23815
VND 30647.511032
VUV 137.12648
WST 3.146267
XAF 655.07975
XAG 0.014879
XAU 0.000255
XCD 3.142721
XCG 2.096692
XDR 0.813933
XOF 655.068499
XPF 119.331742
YER 277.51928
ZAR 19.373693
ZMK 10467.246163
ZMW 21.900672
ZWL 374.444547
  • RIO

    -2.4500

    109.59

    -2.24%

  • CMSC

    0.0898

    23.14

    +0.39%

  • NGG

    0.4500

    87.43

    +0.51%

  • BCE

    -0.2000

    24.19

    -0.83%

  • GSK

    -0.0300

    50.96

    -0.06%

  • BCC

    2.4200

    69.4

    +3.49%

  • RYCEF

    -0.1300

    15.9

    -0.82%

  • JRI

    0.0100

    13.14

    +0.08%

  • CMSD

    0.0400

    23.6

    +0.17%

  • RBGPF

    0.8900

    61.68

    +1.44%

  • AZN

    -2.7600

    184.96

    -1.49%

  • BTI

    1.3500

    66.7

    +2.02%

  • BP

    -0.0200

    44.12

    -0.05%

  • VOD

    -0.0300

    15.48

    -0.19%

  • RELX

    -0.1600

    31.46

    -0.51%

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.

S.Al-Balushi--DT