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View all search resultsGlobal coal consumption is set to rise to an all-time high in 2022 and remain at similar levels in the next few years if stronger efforts are not made to move to a low-carbon economy, a report by the International Energy Agency (IEA) said on Friday.
Yellen and Luhut also spoke about the potential for a Just Energy Transition Partnership that would bring together funding from donor countries, multilateral development banks, philanthropic groups, and the private sector to speed the decommission of coal-fired power plants, it said.
The target, announced by China's economic planner, the National Development and Reform Commission (NDRC), comes as the world's top climate negotiators have gathered in Scotland for the COP26 climate talks. Average coal use for electricity generation in China fell by about 17.4 percent in the 15 years till 2020.
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