Britain to end overseas aid for coal-fired power
22 November 2013
The UK has pledged that no taxpayer funding will go to overseas coal-fired power station developments. "The UK will join the United States in agreeing to end support for public financing of new coal-fired power plants overseas, except in rare circumstances," Ed Davey, Britain's energy secretary, told journalists in Warsaw at United Nations climate talks.
He said the two governments will work together to secure the support of other countries, as well as multilateral development banks.
Last month, the United States said it would end most financing of coal projects overseas to help brake climate-altering greenhouse gas emissions.
Poland, the world's ninth-biggest producer of the commodity in 2012 according to the IEA, caused controversy in the November climate talks by holding a global coal summit concurrently in Warsaw.
According to AFP, the World Resources Institute (WRI) observer group says nearly 1,200 new coal-fired power plants have already been scheduled for development worldwide — more than three-quarters of them in India and China.