Poland, Vietnam, Chile and other countries will pledge on Thursday to phase out coal-fired power generation and stop building new power plants, in a deal according to UK COP26 summit hosts would commit 190 nations and organizations to stop fuel.
Coal is the most polluting fossil fuel and the greenhouse gas emissions resulting from its combustion are the main contributor to climate change. Global anthrax weaning is seen as vital to achieving globally agreed climate goals.
The signatories of the COP26 agreement would pledge Thursday to avoid investment in new coal-fired power plants at home and abroad and to phase out coal-fired electricity production in the 2030s in the richest countries and in the 2040s for the poorest countries, said the British government.
“The end of coal in sight. The world is moving in the right direction, ready to seal the fate of coal and reap the environmental and economic benefits of building a future powered by clean energy,” the British secretary said. in Business and Energy, Kwasi Kwarteng.
Separately, the Powering PastCoalAlliance – an international campaign to phase out fuel – said it had secured 28 new members, including Ukraine, which has pledged to shut down fuel by 2035. Coal produced about one third of Ukrainian electricity last year.
Factors such as concerns about global warming pollution and the worsening economic profile of coal-fired production have reduced its share in wealthy Western countries, including Britain, Germany and Ireland in the in recent decades.
But coal still produced around 37% of the world’s electricity in 2019, and an abundant and cheap local supply means the fuel dominates power generation in countries like South Africa, Poland and the United States. India. These countries will need huge investments to move their industries and energy sectors to cleaner sources.
The global pipeline of new coal-fired power projects has narrowed in recent years, although China, India, Vietnam and Indonesia are among those considering building new coal-fired power plants.
Britain has not confirmed whether those countries will be involved in the COP26 coal phase-out pledge, or whether Vietnman’s pledge on Thursday will affect its pipeline of coal projects already in the pre-construction phase.
China announced in September that it would stop funding overseas coal-fired power plants, although the pledge does not cover domestic projects.
A series of financial announcements are expected at COP26 on Thursday to accompany coal’s promises – both with new investments in clean energy and funds to support workers and regions that depend on the coal sector for their livelihoods .
Countries, including Britain and the United States, on Tuesday announced an $ 8.5 billion partnership with South Africa at the COP26 conference, to help the country move out of coal faster.
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