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The UK officially shut down its last remaining coal power plant yesterday ending 142 years of coal power reliance, BBC reports. The UK is the first major economy to fully shut down coal-fired power generation, fulfilling its commitment to phase out coal by 2025 as part of the government’s broader green policies to reduce carbon emissions.
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Other economies are following suit: France, the US, the UK, Canada and the EU were said to be working on a new draft plan in June to halt new private sector funding for coal projects ahead of COP29 in Baku. The proposal, developed by the Organisation for Economic Co-operation and Development (OECD), would be the first to halt new financing to existing or planned coal projects, and end funding to companies building coal infrastructure, the sources said.
