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Photo: Julian Stratenschulte/picture alliance via Getty Images

G7 environment ministers have pledged to move toward the "absolute end" to financing international development of coal-fired power plants by the end of this year.

Why it matters: Their joint communique Friday is a stark statement about how they view the future of the world's most carbon-intensive fuel.

The big picture: Here are a few takeaways from the coal pledge...

  • It's most relevant to Japan, which per the climate think tank E3G and other advocates is the world's second-largest international funder of coal plants.
  • "Japan should start by funding clean energy projects in Bangladesh and Indonesia instead of the two coal power projects currently under consideration," said E3G's Chris Littlecott in emailed comments to reporters.
  • It could boost pressure on China, which is the top global financier of coal-fired facilities.
  • "This would really isolate China as the global lender of last resort for coal, which is not exactly an envious place to be in the run up to the next COP in Glasgow," said Justin Guay of the Sunrise Project, referring to the big United Nations climate summit in November.
  • The statement keeps the door open to carbon capture tech. It applies to "unabated" coal plants, that is, plants not equipped with CO2 capture, which has seen very little commercial deployment in the power sector thus far.
Expand chart
Data: IEA; Chart: Danielle Alberti/Axios

The chart above comes from last week's International Energy Agency report that lays out a "narrow but still achievable" path to reaching net-zero global emissions by 2050.

What's next: "The strongly worded statement sets the stage for more climate pledges when G7 country leaders, including British Prime Minister Boris Johnson and US President Joe Biden, meet in Cornwall next month," the Financial Times reports.

Go deeper

Felix Salmon, author of Capital
8 mins ago - Technology

Lina Khan's mission

Illustration: Aïda Amer/Axios

All of the world's trillion-dollar companies (with the exception of Saudi Aramco) are reportedly having what Protocol's Issie Lapowsky characterizes as "heart palpitations" over the appointment of Lina Khan as FTC chair. But don't expect anything drastic to happen soon.

Why it matters: Khan is the most fearsome foe that Big Tech could have imagined in America's top antitrust role — and her fans in Congress are making waves as well. But you'd never guess that from the giants' share prices, which have been hitting new all-time highs since the announcement.

Exclusive: EV charging providers to allow roaming across their networks

Illustration: Aïda Amer/Axios

Greenlots, Chargepoint and several other electric vehicle charging companies will allow roaming access across their networks, a move that could help speed EV adoption.

Why it matters: Your phone works on any mobile network, no matter which provider you use. And you can use any bank's ATM machine, regardless of where you keep your money. Now the same will be true of EV charging.

Ina Fried, author of Login
Updated 41 mins ago - Technology

Windows goes to 11

Screenshot: Axios

Microsoft on Thursday offered a first look at Windows 11, coming this holiday season. The new version changes both the look of the operating system as well as its underlying business model, as well as supporting Android apps for the first time.

Why it matters: Windows has been steadily losing market share on the desktop, which has itself lost prominence to smartphones.