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In major step on road to Paris, rich countries agree to slash export subsidies for coal plants
2015-11-18 13:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Post: After a concerted push from the United States, members of the Organization for Economic Cooperation and Development agreed Tuesday to slash subsidies aimed at exporting technology for coal-fired power plants. The decision by the worlds wealthiest countries to eliminate export credits for the least efficient coal plants, which will take effect Jan. 1, 2017, and can be strengthened four years later, marks a major negotiating success for the Obama administration in the run-up to U.N. climate talks...
OECD countries agree to restrict financing for overseas coal power plants
2015-11-18 12:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: A compromise struck by the United States, Japan and several other major nations will restrict export financing to build coal power plants overseas, but not eliminate it completely. The agreement reached Tuesday is an important step forward that sends a strong political message ahead of upcoming international climate change negotiations in Paris, an American official and environmentalists said. Japan and the United States were long at odds on this issue. The Obama administration announced in...
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UK's coal plants 'to close by 2025'
2015-11-18 03:14:27| BBC News | Business | UK Edition
The UK's remaining coal-fired power stations will be shut by 2025, energy secretary Amber Rudd is expected to say later.
UK announces plan to phase out coal power plants by 2025
2015-11-18 01:00:00| Power Technology
The UK Government has announced that it will phase out all ageing coal-based power plants by 2025 and restrict their use by 2023.
In Coal Setback, Rich Nations Agree to End Export Credits
2015-11-17 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Members of the Organization for Economic Cooperation and Development struck an historic agreement Tuesday to scale back public financing for coal-fired power plants, dealing another blow to the industry ahead of a global summit on climate change in Paris. Under the agreement, detailed by the White House in a conference call, the worlds richest economies will restrict subsidies that helped companies export technology to build coal-fired power plants, among the largest sources of emissions blamed...
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