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COP26: Global Coal to Clean Power Transition Statement
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2021-11-24 18:20
The U.K. secured a coalition of over 190 countries and organizations to support the "Global Coal to Clean Power Transition Statement" at the recent 2021 U.N. Climate Change Conference (COP26) held in Glasgow from Oct. 31 to Nov. 13.

However, Australia, India, mainland China and the U.S., which are home to around half the world's coal-fired plants, did not sign on to the pledge.

The Statement, launched on Nov. 4, commits signatories to:
1.Ending all investment in new coal power generation: This means domestically and internationally by the end of the year, with investment to increasingly focus instead on accelerating the transition to clean energy sources such as wind and solar power, which are now cheaper than coal generation in most countries.
2.Supporting emerging economies in the just transition from coal to clean power.
3.Supporting coal-intensive economies, which face significant social and financial challenges in the transition to clean power. The COP26 Energy Transition Council will assist in mobilizing related support.
4.Ensuring a just transition: The UK government has also launched a new International Just Transition Declaration to help ensure the move to a sustainable, green and fair future, and one that creates high quality new jobs.

Signatories can decide to sign all or some of the clauses. Although COP26 advocates "phasing down" coal and completely "phasing out" subsidies for fossil fuels, in fact, coal-fired power generation still occupies a key position in the global energy mix. For some countries, it is ultimately related to economic development and cannot be abandoned easily.

Sources: BBC; UN Climate Change Conference website; UK government website
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Update: 2020-04-23
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