Green
G-7 Nears Fossil Fuel Phase-Out Deal Without Coal Exit Deadline
- Officials fail to agree on timeline for coal exit: minister
- G-7 to release communique on energy transition this weekend
A coal-powered plant at the Port of Le Havre in Le Havre, France.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
The Group of Seven nations are nearing a deal to accelerate the phase-out of unabated fossil fuels but have failed to agree on a timeline to exit coal, according to French Energy Minister Agnès Pannier-Runacher.
Pannier-Runacher spoke on the sidelines of a meeting of G-7 energy and environment ministers in the northern Japanese city of Sapporo that runs through Sunday. The ministers are negotiating a joint communique that outlines support from the world’s most advanced economies for the global energy transition.