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G7 Agrees To End Coal Use But Can It?

OilPrice.com Saturday, 4 May 2024
The United States, the UK, Italy, France, Japan, Germany, and Canada this week struck an agreement to end the use of coal for power generation by 2035. The news was lauded by some in the green lobby while others, namely Greenpeace, called it “too little, too late”. Now, the biggest question is whether the G7 will turn words into actions—or rather, can it? Coal as a source of power generation across the G7 economies accounted for about 15% of the energy mix, according to data from climate nonprofit Ember cited by Reuters’…
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