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G-7 leaders to set up a ‘Climate Club’

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Participants in the G7 summit held in Germany photographed on June 26, 2022.

Stefan Rousseau – Pool | Getty Images News | Getty Images

G-7 leaders will work with partners to establish a “Climate Club” by the end of this year, according to the communique from their latest meeting.

Published Tuesday, the document said leaders were committed to “a highly decarbonised road sector by 2030” as well as “a fully or predominantly decarbonised power sector by 2035.”

In addition, leaders said they would prioritize what they called “concrete and timely steps towards the goal of accelerating phase-out of domestic unabated coal power generation.”

Details of the communique come at the end of what was a…



Source cnbc.com

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