Emmanuel Macron urged the G7 countries at COP28 on climate in Dubai on Friday to “commit to ending coal” before 2030 for ” lead by example “. He recalled that France is committed to putting an end to it in 2027, the year of the end of its five-year term. “The G7 has a major responsibility. Just like China, which is now the second historical emitting country and which has therefore changed its status in some way”he stressed.
The continuation of investments in favor of coal is “a real absurdity” with regard to the objective of combating global warming, and “so we must make an absolute shift” to get out of it, pleaded the French president from the podium of the major UN climate summit. He called on businesses to “stop subsidizing new coal power plants” SO “that as I speak to you the private sector has no disincentive to finance a coal-fired power plant”.
The French president addressed emerging countries for which decarbonization is “ the second fight after that which the richest countries must lead.” “We must allow them to catch up economically, it’s an element of justice” but it must not come true “based on carbon energies, and in particular coal”says Mr. Macron, who suggested the establishment of an “interest rate for green and an interest rate for brown”.
Because “the existing power plants which are largely concentrated in Asia today will alone emit enough CO2 so that we exceed the target by 1.5°C”, the most ambitious objective of the Paris agreement, justified the French president. Regarding France, “we will definitely have to turn the page on oil and 2050 on gas by 2040-45”he ured.
The World with AFP