G7, commitment to phase out coal by 2035, coalition for water born
Among the commitments made at the G7 Environment, Energy and Climate Summit in Venaria Reale in Turin is the need to unlock climate finance in the order of 'trillions'.
2' min read
2' min read
There is the confirmation to close coal-fired power plants by 2035, limiting their use to the minimum necessary in the meantime. Then there is the commitment to multiply energy storage capacity and to promote G7 collaboration on fusion energy, including through the launch of a dedicated working group. But there is also in black and white the effort to reduce methane emissions, to create a 'G7 Hub' to accelerate adaptation actions especially in African countries, and to establish a 'G7 Water Coalition'.
This is the course mapped out by the G7 Environment, Climate and Energy meeting in Venaria Reale, which closes today at the Venaria Reale royal palace, and which reaffirms the trajectory set by COP 28 and the previous G7 sessions with a view to putting in place concrete measures as hoped for on the eve of the meeting by the host, the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin.
Particularly on the energy front, the G7 countries have committed to shutting down their coal-fired power stations by 2035, limiting their use to the minimum necessary in the meantime. This is confirmation of what had been anticipated yesterday by Minister Pichetto Fratin himself, who had also remarked on Italy's willingness to proceed quickly with the shutdown of the peninsula's plants.
On renewables, the effort indicated by Cop28 to triple generation capacity by 2030 is reaffirmed, against which the G7 countries pledged to contribute to six times the energy storage capacity by 2030.
For nuclear power, the G7 countries agreed to establish a Working Group on Fusion Energy to share best practices and explore areas of cooperation to accelerate the development and demonstration of fusion power plants, encouraging increased private and public investment.
