G7 leaders agree to phase out fossil fuel use by end of century!

The G7 leading industrial nations have agreed to cut greenhouse gases by phasing out the use of fossil fuels by the end of the century, the German chancellor, Angela Merkel, has announced, in a move hailed as historic by some environmental campaigners.

On the final day of talks in a Bavarian castle, Merkel said the leaders had committed themselves to the need to “decarbonise the global economy in the course of this century”. They also agreed on a global target for limiting the rise in average global temperatures to a maximum of 2C over pre-industrial levels.

Environmental lobbyists described the announcement as a hopeful sign that plans for complete decarbonisation could be decided on in Paris climate talks later this year. But they criticised the fact that leaders had baulked at Merkel’s proposal that they should agree to immediate binding emission targets.

As host of the summit, which took place in the foothills of Germany’s largest mountain, the Zugspitze, Merkel said the leading industrialised countries were committed to raising $100bn (£65bn) in annual climate financing by 2020 from public and private sources.

In a 17-page communique issued after the summit at Schloss Elmau under the slogan “Think Ahead, Act Together”, the G7 leaders agreed to back the recommendations of the IPCC, the United Nations’ climate change panel, to reduce global greenhouse gas emissions at the upper end of a range of 40% to 70% by 2050, using 2010 as the baseline.

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