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G7 reaches deal to exit from coal by 2035

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By illuminem briefings

· 1 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:

🗞️ Driving the news: The G7 has agreed to phase out coal-fired power plants by 2035, marking a significant step towards reducing fossil fuel reliance
• This deal is a key milestone following discussions at COP28

🔭 The context: The G7's decision contributes to global efforts to shift away from coal, which remains a significant part of some countries' energy mix
• Germany and Japan produce over 25% of their electricity from coal, while Italy aims to close its coal plants by 2028

🌍 Why it matters for the planet: The accord accelerates the global transition from coal to cleaner technologies, particularly in Japan and other Asian economies
• This shift supports broader environmental goals to reduce greenhouse gas emissions

⏭️ What's next: The agreement will be formalized in the G7's final communiqué
• Further steps are expected to move towards cleaner energy alternatives

💬 One quote: Britain's minister for Energy Security and Net Zero, Andrew Bowie, called the agreement "an historical [sic] agreement," (Andrew Bowie, British minister for Energy Security and Net Zero)

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