The G7 agrees to eliminate direct aid to polluting thermal power plants

G7 leaders reached an agreement on Saturday to end direct government aid to thermal power plants that have not adopted anti-pollution measures.

This was announced by the White House in a statement, in which it stressed that the leaders of the most industrialized democracies in the world (the US, Canada, France, the United Kingdom, Germany and Italy, plus the European Union) have agreed to adopt concrete measures that
accelerate the transition to clean energy sources.

To this end, the G7 countries have pledged to provide $2 billion to support the work of the so-called Climate Investment Funds, which help developing countries transition to clean energy through funding to acquire technology, training and infrastructure.

The U.S. government explained that electricity generation in thermal power plants that do not have anti-pollution technology is the largest single source of greenhouse gas emissions in the world.

Regarding cement and steel, the G7 will launch an Industrial Decarbonization Agenda to accelerate innovation, the use of technologies and the harmonization of standards to turn them into clean energy sectors.

The White House also said that for the first time in history, G7 leaders will align their goals in the fight against climate change, both in the short and long term, so that they are consistent with the threshold of 1.5 degrees Celsius of average temperature increase of the planet.

Source: Five Days