Daily Management Review

G7 to end support for energy projects without measures to reduce emissions


Mineral-fuel-based projects that do not contain measures to reduce atmospheric emissions will not be supported by the G7 countries. The G7's stricter energy strategy will be implemented as part of a larger plan to phase out polluting energy technology.

Lundrim Aliu
Lundrim Aliu
"We are committed to phase out domestic coal-fired and non-industrial coal-fired thermal power by 2030", according to a G7 communiqué produced for the G7 energy ministers' conference, as quoted by Euronews.

Representatives from Canada, Germany, Italy, and the United Kingdom have already expressed support for the idea of phasing out damaging energy sources and ending assistance for fossil fuel projects, according to the Kyodo Japanese news agency. The countries also plan to have a "zero-emission energy industry" by 2035, according to the report.

The EU wants to replace gas and oil with renewable and alternative energy sources by 2027 as part of its policy of refusing Russian energy imports, according to previous reports. The European Commission has calculated that the cost of implementing such a program will be €210 billion.

source: euronews.com