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G7 to end state financing for coal plants this year ‘MUST STOP NOW’: The international commitment, with Japan finally getting on board, leaves China alone in its promotion of dirty energy, Greenpeace UK said AFP, LONDON The G7 club of wealthy nations on Friday agreed to end state financing of coal-fired power plants by the end of this year, and to “mostly decarbonize” electricity supplies in the 2030s. Ahead of a leaders’ meeting in the UK next month, G7 countries’ climate and environment ministers also reaffirmed their commitment to keep temperature rise below 1.5°C by 2050, following a two-day virtual meeting.

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