The Global Energy Crisis Is Driving Countries Back To Coal (Global)

Five years ago, over 40 countries pledged to scale back and phase down unabated coal power at the COP26 UN Climate Summit by 2030-2040, with hundreds of institutions promising to end international coal financing. Three years later, the Group of Seven (G7) nations, namely the United States, UK, Canada, France, Germany, Italy, and Japan, officially agreed to exit from unabated coal power generation between 2030 and 2035, marking the first major commitment by the world’s largest economies. But the rules are now being rewritten, and in times of crisis, it always comes back around to dirty coal.  Global demand for coal as a primary power source is surging again, thanks to the ongoing energy crisis triggered by the war in Iran, with countries that previously prioritized cleaner energy reversing course and utilizing coal as a reliable, cost-effective baseline alternative. 

  

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