G7 leaders to announce plan to phase out gasoline cars in new climate pledge
The G7 heads of state and government will outline a number of measures to combat climate change on Sunday, including "ending almost all direct government support" for fossil fuels and phasing out gasoline and diesel cars.
Driving news: The plan was outlined in a UK government announcement on Saturday that leaders will also agree to "stop all undiminished coal as soon as possible".
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The White House announced in a separate statement on Saturday that G7 leaders have agreed "a number of concrete measures to accelerate the global transition away from coal as part of our efforts to tackle the climate crisis."
The US, Canada, Germany and the UK had agreed to provide up to $ 2 billion to help developing countries move away from coal, the White House statement added.
Our thought bubble on Axios' Andrew Freedman: Steps to accelerate the use of electric vehicles and end subsidies for coal-fired power plants come as no surprise, but there is pressure on leaders to go further than they have in the past.
Developing countries will also keep an eye on any new financial pledges to help countries transition to clean energy while coping with the effects of climate change. Developed countries had pledged $ 100 billion annually for these purposes from 2020 onwards, but funding remains well below that target.
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