G7 to end state financing for coal power plants this year

Ministerial Communiqué, London, May 21, 2021

Climate change

A G7 committed to accelerating progress under the Paris Agreement

We reaffirm our strong and steadfast commitment to strengthening implementation of the Paris Agreement and to unleashing its full potential. To this end we will make ambitious and accelerated efforts to reduce emissions to keep a limit of 1.5°C temperature rise within reach, strengthen adaptation to the impacts of climate change, scale-up finance and support, protect, restore and sustainably manage nature, and enhance inclusive and gender-responsive action. We affirm our commitment to work with these objectives in mind towards a successful COP26 in Glasgow and beyond.

A net zero G7 leading a step change in mitigation

There is a global imperative to pursue efforts to limit the increase in the global average temperature to 1.5°C above pre-industrial levels, recognising that the avoided climate impacts are greater at 1.5°C than 2°C, as stated in the IPCC’s 2018 Special Report on Global Warming of 1.5°C. This will require meaningful action by all countries, in particular the major emitting economies, pursuant to continuous improvement in climate and environmental action to align with a pathway that keeps 1.5°C within reach. We, G7 members, will lead by example and each commit to achieve net zero greenhouse gas (GHG) emissions as soon as possible and by 2050 at the latest.

We affirm the importance of taking domestic action to phase down hydrofluorocarbons (HFCs) and of pursuing further actions to enhance the benefits of the Montreal Protocol in ozone layer protection and tackling climate change, and call upon all countries who have not already done so to ratify the Kigali Amendment to the Montreal Protocol.