The Group of Seven, which unites some of the world’s leading economies, has signed a deal to move away from coal plants and stop funding new coal mining to tackle climate change, the EU’s top official has said.
“We need to decarbonize the energy sector,” European Commission chief Ursula von der Leyen wrote on Twitter, adding that the G7 partners “agree to phase out coal.”
“The G7 agreement to end global coal finance is a great achievement and sends a strong message to the world,” she wrote.
The BBC reported that the attendees of the G7 meeting in Cornwall, UK will end the funding of new coal generation in developing countries and allocated up to £2 billion ($2.8 billion) to stop using the fuel.
