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IPFS News Link • Energy

G7 Leaders Sign Declaration To End ALL Fossil Fuel Subsidies By 2025

• True Activist

Though the G7 and the World Trade Organization have been known to undermine the creation of homegrown solar, wind, geothermal, and other cleaner energy forms in many nations, the sheer force of momentum propelling our world toward energies which don't rape and pillage the planet is palpable.

The declaration covers many urgent topics, but regarding energy, the G7 state:

"Recognizing the important role that the energy system has to play in the implementation of the Paris Agreement, we are determined to accelerate our work towards the transition to an energy system that enables a decarbonization of the global economy, and commit to further invest in supporting innovation in energy technologies and encouraging clean energy and energy efficiency, so as to ensure economic growth with reduced GHG emissions. Faced with the increased uncertainty posed by the current energy price levels, we also commit to play a leading role in facilitating energy investments, in particular investments in quality energy infrastructure and upstream development."

Notice there is no apology for the degradation of our oceans, lakes, rivers, agricultural land, or the ruining of local economies by coal, oil, gas, and nuclear power companies. There is, though, an acknowledgement that fossil fuels are having a difficult time remaining viable while solar and wind power costs keep declining.

Take, for example, the company SolarCity, which seems poised to continue an aggressive trend of improvement in solar power. The company is building an enormous $750 million factory in Buffalo, New York, that will produce 10,000 solar panels per day, or one gigawatt of power generation capacity per year. This one plant could propel the U.S. into a solar power leader.

CleanTechnica has explained that solar power costs will fall another 40 percent by 2017. Unless it's to wage another energy war, when has oil or gas ever been so affordable? Record low solar energy prices around the world are causing a dramatic shift that would have left G7 countries in the cold without an appropriate move away from fossil fuels.

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