This decision sets the tone for the upcoming global dialogues on energy transition at COP29 (Conference of the Parties) in Baku and the Group of Twenty (G20) in Brazil later this year.
"We commit to phasing out existing unabated coal power generation in our energy systems during the first half of the 2030s or in a timeline consistent with keeping a limit of 1.5 degrees Celsius temperature rise within reach, in line with countries' net-zero pathways.
(We would also) reduce as much as possible, in the meanwhile, the utilisation unabated coal power generation plants in our energy systems to a level consistent with keeping the limit of 1.5 degree Celsius temperature rise within reach," the final communiqué of the G7 meeting in Tunis, Italy, said.
This story is from the May 02, 2024 edition of Business Standard.
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This story is from the May 02, 2024 edition of Business Standard.
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