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Former prime minister Malcolm Turnbull has warned that Australia is more out-of-step with its allies than ever on the issue of climate change after G7 countries agreed to stop international funding for coal-fired power.
The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets.
Stopping fossil fuel funding is seen as a major step the world can make to limit the rise in global temperatures to 1.5 degrees Celsius above pre-industrial times, which scientists say would avoid the most devastating impacts of climate change.
Australia deemed out-of-step on climate change as G7 countries agree to stop funding coal projects
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