The G7 sees coal as incompatible with Paris goals
G7 to halt new support for unabated coal by year-end
Countries to focus on accelerating progress of technologies including hydrogen, batteries and carbon capture, usage and storage
The G7 nations have committed to end new direct government support for unabated thermal coal power generation by the end of this year, according to a statement issued following recent talks hosted by the UK. “To accelerate the international transition away from coal, recognising that continued global investment in unabated coal power generation is incompatible with keeping 1.5°C within reach, we stress that international investment in unabated coal must stop now,” the G7 says. “Domestically, we commit to achieve an overwhelmingly decarbonised power system in the 2030s” G7 statement The ban on direct support includes Official Development Assistance, export finance, investment, and int
Also in this section
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
