U.S. Pledges To Stop Coal Financing But Declines To Back Phaseout Plan

November 4, 2021
The United States is joining 20 other countries at the ongoing Glasgow climate summit in pledging to halt public financing for “unabated” coal power projects by the end of 2022, though the Biden administration, as well as Chinese officials, declined to join a separate group of nearly two dozen countries promising to phase out domestic use of coal power. The twin announcements, organized by the United Kingdom hosts of the summit, are intended to signal a renewed commitment to limiting...

Not a subscriber? Sign up for 30 days free access to exclusive environmental policy reporting.