G7 Leaders Pledge Accelerated Transition from Fossil Fuels by 2050

The G7 leaders have pledged to accelerate their transition away from fossil fuels throughout this critical decade. According to a draft statement, they aim to reach a net-zero target by 2050, adhering to the best available science, and plan to phase out unabated coal power by the early 2030s.

Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy. "We will transition away from fossil fuels in energy systems in a just, orderly, and equitable manner, accelerating actions in this critical decade, to achieve net-zero by 2050 in keeping with the best available science," says the draft seen by Reuters.

Other commitments on climate policy in the draft include a pledge "to phase out existing unabated coal power generation in our energy systems during the first half of 2030s."