A coalition of 18 countries, plus dozens of banks and other institutions, will pledge to phase out coal-fired power plants domestically and to end funding for international coal projects.
The burning of coal is the single greatest contributor to climate change, and ending support for it has been a key focus at the U.N. climate change conference COP26.
The new campaign, which is expected to be announced by British officials today in Glasgow, declares that the end of coal “is in sight” because of the new coalition.
The group will commit to ending all investment in new coal power generation domestically and internationally. The time frame was not specified.
The agreement also promises a “just transition away from coal power in a way that benefits workers and communities” and a rapid scaling up of the deployment of clean energy like wind and solar power.
Details: The full list of 18 countries includes developed and developing countries like Poland, Vietnam, Egypt, Chile and Morocco, according to the British government. It was unclear whether the U.S. was part of the agreement.
Source|osimpamfm.com|Richard Owusu Tawiah
