# G7 reaches deal to exit from coal by 2035
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-04-29
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: G7 Energy Ministers Agree to Exit Coal by 2035
Meta Description: Stay informed about the G7's momentous decision to shut down coal plants by 2035, accelerating the shift to clean energy. Read more!
URL: https://startupobserver.com/g7-reaches-deal-to-exit-from-coal-by-2035/

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TURIN (Reuters) -Energy ministers from the Group of Seven (G7) wealthy countries reached a deal to shut down their coal-fired power plants by 2035 at the latest, in a significant step towards the transition away from fossil fuels.

“We have an [agreement](https://startupobserver.com/nokia-signs-5g-patent-deal-with-chinas-vivo/) to stop using coal in the first half of 2030’s… it is an historical agreement,” Britain’s minister for Energy Security and Net Zero Andrew Bowie told Class CNBC according to a video posted on X.

Italian diplomatic sources said a technical deal had been reached.

The accord will be included in the G7 energy ministers’ final communique to be released on Tuesday at the end of a two-day meeting in Turin.

One source told Reuters earlier that diplomats from the G7 nations – Italy, the United States, Britain, France, Germany, Canada and [Japan](https://startupobserver.com/japan-bans-chemical-weapons-related-goods-to-russia-concerned-by-nuke-threats/) – discussed the issue until late on Sunday, before the start of the ministerial gathering.

The agreement marks a significant step in the direction indicated last year by the COP28 United Nations climate summit for a transition away from fossil fuels, of which coal is the most polluting.

“It helps accelerate the shift of investments from [coal](https://startupobserver.com/glencore-to-keep-coal-assets-and-stick-with-london-listing/) to clean technology in particular in Japan and more broadly in the whole Asian coal economy, including China and India,” Luca Bergamaschi, co-founding member of Italian climate change think-tank ECCO, said on X.

Italy last year produced 4.7% of its total electricity through its six remaining coal-fired stations. Rome currently plans to turn off its plants by 2025, except on the island of Sardinia where the deadline is 2028.

In Germany and [Japan](https://startupobserver.com/japan-bans-chemical-weapons-related-goods-to-russia-concerned-by-nuke-threats/) coal has a bigger role, with the share of electricity produced by the fuel higher than 25% of total last year.

Last year under Japan’s presidency, the G7 had pledged to prioritise concrete steps towards phasing out coal power generation, falling short of indicating a specific deadline.

(Reporting by Francesca Landini; Editing by Gavin Jones, Alvise Armellini, Jan Harvey and Jonathan Oatis)


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