G7 environment ministers have agreed that they will deliver climate targets in line with limiting the rise in global temperatures to 1.5C. That’s far more ambitious than the previous 2C maximum. Ministers also agreed to stop direct funding of coal-fired power stations in poorer nations by the end of 2021. There’s wriggle room in the statement, but the decision will send a clear message to development banks that still fund coal power in poor countries. There’s also an important commitment to safeguarding 30% of land for nature by 2030 to boost wildlife and help soak up carbon emissions.
BBC 21st May 2021 read more »
G7 agrees to stop overseas funding of coal to limit global warming.
FT 21st May 2021 read more »
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