OECD nations to ban export credits for coal power

With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations that don't have systems that trap the carbon emissions responsible for global warming.

For existing coal-fired power stations, the credits can only be used for pollution mitigation and carbon capture equipment that doesn't extend the service life of the facility.While many developed nations have sought to reduce coal in their domestic power mixes to meet their climate pledges, they have also often continued to help finance coal projects abroad.

The ban is expected to come into force by the end of this month and includes Australia, Britain, Canada, the European Union, Japan, Korea, New Zealand, Norway, Switzerland, Turkey, and the United States. The COP26 conference in the Scottish city of Glasgow, which opens on 31 October, has been called humanity's "last best chance" to get devastating climate change under control.

The best solution for us is to build our own gas pipeline to Germany and buy less-expensive Russian gas on long-term contracts from there.

If China and India reduced the amount they used by even half . We wouldn’t have a climate change , it would be a complete uturn

Tell that to the poor people of Africa, India etc

Hi its the Industrial revolution, this is taught in school.

Rather burn coal than go cold.

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