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G20 Summit

G-20 pledges to end financing of new foreign coal plants

But leaders fail to bolster other climate protection efforts ahead of COP26

A coal power plant in Jaenschwalde, Germany. G-20 leaders agreed to end financing of new unabated coal power generation abroad.   © Reuters

ROME -- The Group of 20 major economies agreed to end financing of new unabated coal power generation abroad by the end of this year, the leaders of these nations said Sunday at the end of their two-day summit in Rome.

But the leaders, some of whom represent the largest greenhouse gas emitters, did not set a common or specific date for achieving global net-zero emissions or phasing out unabated coal power in general, boding ill for the crucial United Nations COP26 climate conference that began Sunday in Glasgow, Scotland.

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