Prime Minister Justin Trudeau announced Monday that Canada will phase out the conventional coal-fired electricity by 2020 and provide $1 billion to developing countries to move away from coal.
Announcing Canada’s ambitious and enhanced plans to support the global phase-out of thermal coal at COP26, Trudeau, said “Climate action can’t wait. Since 2015, Canada has been a committed partner in the fight against climate change, and as we move to a net-zero future, we will continue to do our part to cut pollution and build a cleaner future for everyone.”
“Together, we will beat this crisis while creating a green economy and new middle class jobs for Canadians,” he added.
He said Canada is working toward ending exports of thermal coal by no later than 2030.
According to Prime Minister Trudeau, the ban would follow action already taken, including accelerating the phasing out of conventional coal-fired electricity in our country by 2030, and putting in place investments of more than $185 million to support coal workers and their communities through the transition to cleaner energy.
To further support the global community’s efforts to phase out coal-fired electricity, the Prime Minister announced up to $1 billion for the Climate Investment Funds Accelerated Coal Transition Investment Program, through Canada’s international climate finance contribution, to help developing countries transition from coal-fired electricity to clean power as quickly as possible.