The U.K., which hosted the summit held at Glasgow in Scotland, made “consigning coal to history” a key focus of the conference. However, critics have pointed out that Australia, China, India and the U.S. have not made such commitments to lower their coal output.
British Business Secretary Kwasi Kwarteng said during the conference: “Today marks a milestone moment in our global efforts to tackle climate change, as nations from all corners of the world unite in Glasgow to declare that coal has no part to play in our future power generation. Today’s ambitious commitments made by our international partners demonstrate that the end of coal is in sight.”
The U.K. forged several deals during the summit – among them
commitments from many countries both developing and developed, to stop
the use of coal. More than 20 governments – including the U.S. and
Denmark – agreed to stop financing coal development by the end of 2022.
The estimated £5.85 billion ($8 billion) saved yearly would be then
diverted into clean energy investments...<<<Read More>>>...
