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prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. The Group of Seven nations announced Tuesday its member nations wouldend the use of “unabated” coalby 2035, but left the door open for countries to stretch that deadline in particular contexts.

In a communiqué published after talks between energy, climate and environment ministers in Turin, Italy, the group announced it had committed to “phase out existing unabated coal power generation in our energy systems during the first half of 2030s,” in a climate policy breakthrough that G7 negotiators had previously failed to achieve in several years of talks.

But by referring to “unabated” coal, the agreement leaves room for countries to use the fossil fuel past 2035 if theircarbon pollution is capturedbefore entering the atmosphere.

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Expert market analysis and predictions for India, US, and European stocks. Stay updated with real-time data on stock indices, futures, and commodities to help you make informed, timely investment decisions. The agreement also includes a caveat that countries could choose “a timeline consistent with keeping a limit of 1.5°C temperature rise within reach, in line with countries’ net-zero pathways.”

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. That caveat appears to allow those countries to keep using coal past 2035, as long as their overall national emissions won’t contribute to global warming of more than 1.5 degrees Celsius above pre-industrial levels. Science shows that some of the planet’s ecosystems will reach tipping points or struggle to adapt beyond that point.

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. Several members of the G7, which represents the biggest economies in the developed world, have already come close to ending the use of coal. Coal makes up less than 6% of the electricity mix in the UK, Italy and Canada, and almost nothing in France. But it still comprises 32% of Japan’s electricity mix, 27% of Germany’s and 16% of the US’, according to the think tank Ember.

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. The agreement comes just days after the US Environmental Protection Agencyannounced new rulesthat will require coal-fired power plants to either capture nearly all of their climate pollution or shut down by 2039. 【 - Free Stock Selection 】 has reached out to the White House and State Department for comment.

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. When questioned by journalists on the caveats in the G7’s agreement, Italian Environment and Energy Security Minister Gilberto Pichetto Fratin defended the agreement, saying the language shows “G7 countries undertake to phase out the use of coal, without jeopardizing the various countries’ economic and social equilibrium.”

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities. The language is weaker than what UK minister Andrew Bowie told a reporter on Monday: that the group had agreed to end coal by 2035, making no reference to unabated coal or wiggle room in the timeline.

Despite the caveats, several climate policy experts welcomed the announcement, describing it as a breakthrough after years of roadblocks on the issue.

“Stamping an end date on the coal era is precisely the kind of leadership we need from the world’s wealthiest countries,” said Jennifer Layke, the global director for energy at the World Resources Institute. “This decision provides a beacon of hope for the rest of the world, showing the transition away from coal can happen much faster than many thought possible.”

But the think tank Climate Analytics said that, while the announcement would put pressure on Japan, the only G7 member that hasn’t set an end date for coal, the 2035 deadline is too late to limit global warming to 1.5 degrees.

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Ananalysis by the think tankshows all coal use in G7 nations needs to end by 2030 at the latest – and natural gas use should end by 2035 – to prevent global warming exceeding the 1.5-degree threshold.

“Many of these countries have already publicly committed to phase out dates ahead of 2030, and only have a small amount of coal capacity anyway,” said Jane Ellis, head of climate policy at Climate Analytics.

It’s notable that a gas phase-out was not mentioned, Ellis added. “In the last decade, gas has been the largest source of the global increase in CO2 emissions, and many G7 governments are investing in new domestic gas facilities. This is absolutely the wrong direction to be heading in – both economically and for the climate.”

Fossil fuels are the primary driver of the climate crisis, and coal is typically the most polluting of all fossil fuels. But putting an end date on coal has been highly controversial. Japan has blocked progress on the issue at past G7 meetings, 【 - Free Stock Selection 】 has previously reported.

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. Almost every country in the world agreed last year to transition away from fossil fuels at the COP28 climate talks in Dubai, but failing to put an end date on coal was seen as a shortcoming of those negotiations.

prime securities limited (primesecu) sees unusual trading volume ✌️【Accurate Stock Selection】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. The G7 typically leads on global climate policy. The group’s decisions often trickle down or influence the wider G20, which includes other big emitters, like China and India, as well as major fossil fuel producers, such as Saudi Arabia and Russia.

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