As Climate Talks Near, Pressure Grows On Asia To Cancel New Coal Projects

"Action by six countries alone - China, India, Vietnam, Indonesia, Turkey and Bangladesh - could help end coal use"

"KUALA LUMPUR - With six nations accounting for over 80% of planned new coal projects globally, winning commitments to cancel those projects could help November's COP26 U.N. climate summit "consign coal power to history", a key goal of organisers, researchers said.

Proposed new coal power capacity globally has plunged 76% since the Paris Agreement in 2015, with 44 countries agreeing to end new projects, according to a report by think-tank E3G released on Tuesday.

Asia however is still at the centre of the world's remaining pipeline, which means action by six countries alone - China, India, Vietnam, Indonesia, Turkey and Bangladesh - could remove over four-fifths of planned projects before construction.

Ending the use of coal - the most polluting fossil fuel - for power production has been a key focus for climate change activists, leading to funding and insurance for new projects rapidly drying up."

Beh Lih Yi reports for Thomson Reuters Foundation September 14, 2021.

Source: Thomson Reuters Fdn., 09/15/2021