U.S. Backing New Plan to Cripple Coal Industry at UN Climate Conference

The Biden administration is set to back a plan that would crush the coal industry at the upcoming United Nations (UN) climate summit, Reuters reported on Tuesday.

The U.S. will reportedly support a French plan to get the countries of the world to ban private financing of coal-fired power plants during the upcoming UN conference, known as COP28, according to Reuters. The plan is likely to drive a rift between countries like the U.S. and France and those like China and India, which are reliant on coal to feed their economies cheap and reliable electricity.

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Worldwide Coal Usage Skyrockets Ahead of Major UN Climate Conference

The global energy crisis is causing coal use to soar ahead of the United Nations’ COP27 summit, where countries will renew pledges to phase out fossil fuels, Bloomberg reported Friday.

Numerous world leaders, including President Joe Biden, will attend Egypt’s COP27 to discuss plans to slash carbon emissions and promote green energy amid a raging energy crisis. Meanwhile, coal-fired electricity generation, particularly in Europe, is surging as Russian natural gas and renewable energy sources are in short supply, according to Bloomberg.

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