The European Union, United States and United Arab Emirates have hammered out an agreement to shift away from coal, triple renewable energy this decade. More than 60 countries have said they will join the pledge:, including:
- major emerging economies like Nigeria, South Africa and
Vietnam - developed countries like Australia, Japan and Canada
- and others
Reuters have the report citing a draft they’ve seen:
- the goal is doubling the world’s annual rate of
improving energy efficiency to 4% per year until 2030 - the greater use of renewables must be
accompanied by “the phase down of unabated coal power,”
including ending the financing of new coal-fired power plants
And further, says an official said talks with China
and India to join the pledge are “quite advanced” but not yet agreed to.
This article was written by Eamonn Sheridan at www.forexlive.com. Source