End of coal in sight, UN says
The use of coal as an energy source is quickly coming to an end, according to the United Nations.
At least 23 countries made new commitments Thursday to phase out coal power, including five of the world’s top 20 coal power-using countries, the U.N. announced.
In addition, major international banks have committed to effectively end all international public financing of new unabated coal power by the end of 2021, and at least 25 countries and public finance institutions have committed to ending international public support for the unabated fossil fuel energy sector by the end of 2022.
The rapid phaseout of coal has been a recurring theme of COP26, with the breadth of commitments today signaling that the world is moving toward a renewable future, according to the U.N.
At least 23 nations made new commitments to phase out coal power, including Indonesia, Vietnam, Poland, South Korea, Egypt, Spain, Nepal, Singapore, Chile and Ukraine. As part of the "Global Coal to Clean Power Transition Statement," countries also committed to scaling up clean power and ensuring a just transition away from coal.