More than 60 countries have agreed to triple green capacity by 2030

More than 60 countries have agreed to triple green capacity by 2030 shutterstock
Katerina Belousova

The agreement also provides for the doubling of the global annual rate of energy efficiency improvement to 4%

More than 60 countries support the EU, US and UAE agreement to triple the use of renewable energy by 2030 and phase out coal.

This was reported by officials familiar with the matter, reports ET EnergyWorld.

It is noted that the initiator countries rallied support for this pledge ahead of the annual climate summit COP28, which will be held from November 30 to December 12 in Dubai. They will demand its inclusion in the final results of the meeting.

"Increased use of renewable energy sources should be accompanied by a phase-out of coal power, including the end of funding for new coal-fired power plants," the agreement states.

The material said that major developing economies including Nigeria, South Africa and Vietnam, developed countries such as Australia, Japan and Canada, as well as Peru, Chile, Zambia, Barbados and other countries have joined the agreement. Negotiations on the accession of China and India are ongoing.

The agreement also envisages doubling the global annual rate of energy efficiency improvement to 4% per year by 2030.

According to officials, the agreement will set a "positive tone" ahead of days of tense negotiations expected at the climate conference.

Earlier, EcoPolitic wrote, that environmental protection ministers of the EU countries have agreed on a joint position for the COP28 international climate conference of the United Nations with softened goals for reducing emissions and phasing out fossil fuels.

As EcoPolitic reported earlier, the head of the European Climate Fund (ECF), Professor Laurance Tubiana, stated that Russia, through diplomacy and propaganda, is trying to harm the green transition of Europe and sabotage international climate negotiations.

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