18 countries to phase out coal, leaked document says

A coalition of 18 countries, along with dozens of banks and other institutions, will pledge to phase out coal-fired power plants nationw...

A coalition of 18 countries, along with dozens of banks and other institutions, will pledge to phase out coal-fired power plants nationwide and end funding for international coal projects, according to the UK government, which concluded the agreement at a global level climate summit.

The burning of coal is the main factor in climate change, and ending its support is a major issue for the United Nations climate change conference.

The new campaign, which is expected to be announced by British officials Thursday in Glasgow, says the end of coal “is in sight” because of the new coalition. The full list of the 18 countries was not available, but according to the UK government it includes developed and developing countries like Poland, Vietnam, Egypt, Chile and Morocco.

It was not clear whether the United States was part of the deal. A spokeswoman for John Kerry, President Biden’s climate envoy, did not respond to a request for comment.

The World Coal Association did not immediately respond to a request for comment on the new announcement, but earlier this week efforts to phase out coal ignored the fact that coal “remains a vital part of the energy supply. in 80 countries and the livelihoods of more than 790 million people. who do not have access to reliable and affordable energy.

The 190 countries and organizations that make up the new coalition will pledge to end all investment in new coal-fired power generation nationally and internationally. The timing was not immediately clear.

They will also agree to make a “just transition away from coal power in a way that benefits workers and communities” and to rapidly scale up the deployment of clean energies like wind and solar power.

“Phasing out coal is essential to achieve our climate goals,” German Environment Minister Svenja Schulze said in a statement. “In the near future, we will have abandoned all fossil fuels and will live in a new and sustainable energy world based on renewable energies. “

Michael Bloomberg, who said this week he would step up his US and European campaigns to phase out coal and settle in 25 more countries, said in a statement he believes the fight against climate change “depends on the end of coal-fired power stations “.

HSBC and Export Development Canada also plan to join the group, the statement said.

Leaders of the world’s 20 largest economies gathered in Rome ahead of the climate conference and agreed to eliminate funding for coal-fired power plants abroad. They stopped, however, before pledging to end coal at home due to objections from China, India, Australia and Russia.

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Newsrust - US Top News: 18 countries to phase out coal, leaked document says
18 countries to phase out coal, leaked document says
Newsrust - US Top News
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