As climate talks near, pressure grows on Asia to cancel new coal projects

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September 15, 2021 01:36:46 AM - PST | 30 views
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 organizers, 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 center 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.

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