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Senior British government ministers recently said the UK wants to broker a global agreement to halt cross-border financing
of coal projects when it hosts a major climate conference in November.
Minister Alok Sharma, who oversees preparations for the UN COP26 summit in Glasgow, said major action was needed to limit global warming to 1.
5 degrees Celsius above pre-industrial levels, which scientists say could prevent the worst impacts
of climate change.
The UK currently generates 2% of coal electricity, down from 40% in 2020, and plans to completely phase out coal as a power source
by 2024.
But environmentalists say British financial institutions play an important role
in funding coal mines and coal-fired power stations elsewhere in the world.
Prime Minister Boris Johnson has pledged to reduce the UK's greenhouse gas emissions to 78% of 1990 levels by 2035 and reduce its net emissions to zero
by 2050.
Last month, the United States also said it would strive to halve its emissions from 2005 levels by 2030
.
Senior British government ministers recently said the UK wants to broker a global agreement to halt cross-border financing
of coal projects when it hosts a major climate conference in November.
Minister Alok Sharma, who oversees preparations for the UN COP26 summit in Glasgow, said major action was needed to limit global warming to 1.
5 degrees Celsius above pre-industrial levels, which scientists say could prevent the worst impacts
of climate change.
The UK currently generates 2% of coal electricity, down from 40% in 2020, and plans to completely phase out coal as a power source
by 2024.
But environmentalists say British financial institutions play an important role
in funding coal mines and coal-fired power stations elsewhere in the world.
Prime Minister Boris Johnson has pledged to reduce the UK's greenhouse gas emissions to 78% of 1990 levels by 2035 and reduce its net emissions to zero
by 2050.
Last month, the United States also said it would strive to halve its emissions from 2005 levels by 2030
.