G7 discussing 2035 end date for coal-fired power plants, source says

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G7 Group News

Coal Plants

TURIN, April 29 — Energy ministers from the Group of Seven wealthy countries meeting in Italy are discussing setting a common target date of 2035 to shut down their...

Smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant powered by lignite, operated by Polish utility PGE, in Rogowiec, Poland, November 22, 2023. — Reuters picTURIN, April 29 — Energy ministers from the Group of Seven wealthy countries meeting in Italy are discussing setting a common target date of 2035 to shut down their coal-powered power plants, a source close to the matter told Reuters today.

Diplomatic negotiators for the G7 nations — Italy, the United States, Britain, France, Germany, Canada and Japan — discussed the issue until late yesterday, with one country still opposing the move, said the source, who asked not to be named.The energy ministers’ meeting hosted by Italy, which holds the rotating G7 presidency this year, runs on Monday and Tuesday in the 17th century Venaria palace, a former royal residence outside Turin.

As well as seeking a deal on ending coal in electricity generation, Rome also aims to spur efforts to develop battery storage capacity and boost investment in power grids, two sources said, as the G7 increases its renewable energy output.The G7 bloc could indicate the need for a six-fold increase in battery capacity — critical to store renewable energy, which is intermittent — by 2030 from 2022 levels, one of the sources said.

 

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