Coal Phase-out
Coal phase-out is an environmental policy intended to stop using the combustion of coal in coal-burning power plants, and is part of fossil fuel phase-out. Coal is the most carbon-intensive fossil fuel, therefore phasing it out is critical to limiting climate change and keeping global warming to 1.5 °C as laid out in the Paris Climate Agreement. The International Energy Agency (IEA) estimates that coal is responsible for over 30% of the global average temperature increase above pre-industrial levels. China is the major provider of public finance for coal projects. Several countries and financial institutions have taken initiatives to phase out coal out such as ending funding for building coal plants. The health and environmental benefits of coal phase-out, such as limiting biodiversity loss and respiratory diseases, are greater than the cost. It has been suggested that developed countries could finance the process for developing countries provided they do not build ...
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