Thursday, November 04, 2021

Keeping coal in its hole?

 Another "breakthrough" at Cop26. This time it is about a reduction in the use of coal. Many major coal users including Poland, Vietnam and Chile are committing to shift away from the fossil fuel, in pledges made at the climate summit.

Signatories to the agreement have committed to ending all investment in new coal power generation domestically and internationally.

They have also agreed to phase out coal power in the 2030s for major economies, and the 2040s for poorer nations. 

Juan Pablo Osornio, head of Greenpeace's delegation at COP26, said: "Overall this statement still falls well short of the ambition needed on fossil fuels in this critical decade." He added: "The small print seemingly gives countries enormous leeway to pick their own phase-out date, despite the shiny headline."

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