In a communique, Environment ministers from the United States, Britain, Canada, France, Germany, Italy, and Japan agreed on Friday [[21 May]] to stop international financing coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets, including to stop funding coal projects in poorer nations.
It's a message to some Asian development banks which fund coal power in poorer countries.
Australia was a guest at the virtual meeting with Energy Minister Angus Taylor telling his peers that Australia is committed to achieving net zero emissions as soon as can be, and preferably by 2050.
Australia doesn't finance overseas coal projects but does supply coal to affected countries like India.
