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G7 countries agree to stop international funding for coal-fired power

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Reuters

FRANKFURT (Reuters) -The Group of Seven (G7) rich countries have agreed to stop international funding for the construction of coal-fired power stations that emit carbon, a document summarising a G7 environment ministers’ meeting showed on Friday. “We stress that international investments in unabated coal must stop now and commit to take concrete steps towards an absolute end to new direct government support for unabated international thermal coal power generation by the end of 2021,” said the document, reviewed by Reuters. Coal is considered unabated when it is burned for power or heat without…

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