Countries Pledges to End their Reliance on Coal, Gas, and Oil

As delegations and attendees prepared for COP26’s ‘energy day,’ one of the important theme sessions taking place during the UN climate summit, the sun burst through the clouds over Glasgow on Thursday. 

The major meeting of the day began inside the Scottish Event Campus with the COP26, with co-hosts echoing UN Secretary-General António Guterres’ words, “consign coal to history”. 

Alok Sharma, the Conference’s President, announced the new Global Clean Power Transition Statement, a pledge to stop investing in coal, scale-up clean energy, make a just transition, and phase out coal by the 2030s in large economies and the 2040s everywhere. 

The promise includes 77 signatures, including 46 nations such as Poland, Vietnam, and Chile, with 23 of them making first-time commitments to phase out coal.  

Unfortunately, the statement excludes the three largest coal financiers, China, Japan, and the Republic of Korea, which pledged last year to phase out international coal financing by the end of 2021. 

Meanwhile, the Powering Past Coal Alliance, which strives to phase out coal in a sustainable and economically inclusive manner, welcomed seven more countries and 14 financial institutions as new members today. 

South Africa, France, Germany, the United Kingdom, and the United States, as well as the European Union, announced a new ambitious, long-term Just Energy Transition Partnership to aid South Africa’s decarburization efforts yesterday. During Thursday’s session at COP26, US President Joe Biden and EU Commissioner Ursula Von de-Leyen appeared to virtually present it. 

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