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Insights

Insights

| less than a minute read

G7 and the farewell to coal

When the G7 countries met this week in Turin, the sealed the deal for their exit from coal. 

By 2035 the biggest economies known as G7 will no longer use coal for energy production. 

As of  2021 these countries (US, Germany, Italy, Japan, UK, France and Canada) accounted for 38% of the global economic output and 21% of  global CO2 emissions. 

Whilst critics might say that without China and India being part of this agreement, it is not worth much; however, I would argue that it sends a very important signal both domestically within the countries but also externally to trade partners and the wider public - that they are taking action and not just empty policies on climate change.

What do you think about the announcement?

Die fetten Kohlejahre sind vorbei

Tags

exit from coal, fossil fuels, renewable energy, climate tech, cleantech