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According to the British government, which signed the deal at a global climate summit, a coalition of 18 countries as well as dozens of banks and other institutions will pledge to phase out domestic coal-fired power plants and end funding for international coal projects.
The burning of coal is the biggest contributor to climate change, and ending support for it is a hot topic at the United Nations climate change conference.
The new campaign, expected to be unveiled by British officials in Glasgow on Thursday, declares the end of coal “in sight” due to the new coalition. A complete list of 18 countries was not available, but it includes developed and developing countries such as Poland, Vietnam, Egypt, Chile and Morocco, according to the British government.
It was unclear whether the US was part of the deal. A spokesperson for President Biden’s climate ambassador, John Kerry, 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 said efforts to eliminate coal earlier this week ignored the fact that coal “continues to be critical to the energy supply in 80 countries and to the livelihoods of more than 790 million people.” those who do not have access to reliable and affordable power.”
The 190 countries and organizations that make up the new coalition will commit to ending all investments in new coal-fired electricity generation at home and abroad. The time frame was not immediately clear.
They will also agree to make a “just transition from coal that benefits workers and communities” and rapidly increase the distribution of clean energy such as wind and solar power.
“It is essential to phase out coal in order to achieve our climate goals,” German Environment Minister Svenja Schulze said in a statement. “In the near future we will have left all fossil fuels behind and we will live in a new and sustainable energy world based on renewable energy.”
Announcing earlier this week that he will step up his campaigns in the Americas and Europe to give up coal and move to 25 more countries, Michael Bloomberg said in a statement that he believes tackling climate change “depends on the end of coal-fired power.”
According to the statement, HSBC and Export Development Canada are also planning to join the group.
The leaders of the world’s 20 largest economies met in Rome before the climate conference and agreed to eliminate funding for overseas coal plants. However, they stopped promising to phase out coal in their own countries due to objections from China, India, Australia and Russia.
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