The Group of Seven (G7) has agreed to step up efforts to advance commercial scale hydrogen from low carbon and renewable sources across its economies, including support for fuel cell deployment globally.
The intergovernmental organisation, consisting of Canada, France, Germany, Italy, Japan, the UK and the US, met virtually on Friday (May 21), ahead of the G7 leaders’ Summit in Cornwall, UK next month, and agreed to phase out government funding for fossil fuel projects internationally in support of greener alternatives, like hydrogen.
As a first step the G7 countries will end all new finance for coal power by the end of 2021, matched by increased support for clean energy alternatives.
It was also agreed to accelerate the transition away from unabated coal capacity and to an overwhelmingly decarbonised power system in the 2030s.
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