More than 40 countries agree to phase out coal.
The statement, which was agreed at the COP26 summit commits nations across the world to:
- End all investment in new coal power generation domestically and internationally
- Rapidly scale up the deployment of clean power generation
- Phase-out coal power in economies in the 2030s for major economies and 2040s for the rest of the world
- Make a just transition away from coal power in a way that benefits workers and communities
Major coal-using countries including Poland, Vietnam and Chile are among those to make the commitment.
However, some of the world’s biggest coal-dependent economies, including Australia, China, India and the US were missing from the deal.
Kwasi Kwarteng, the UK’s business secretary, said: ‘Today marks a milestone moment in our global efforts to tackle climate change, as nations from all corners of the world unite in Glasgow to declare that coal has no part to play in our future power generation. Today’s ambitious commitments made by our international partners demonstrate that the end of coal is in sight.’