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