New Zealand pledges to phase out coal for electricity over the next 10-20 years
New Zealand has joined two international coal phase-out commitments announced at the UN’s COP26 overnight climate summit.
Aotearoa is one of around 40 countries agreeing to phase out the burning of coal for power generation over the next 10 to 20 years.
The signatories of the agreement have pledged to end all investment in new coal-fired power generation at the national and international levels.
They also agreed to phase out coal-fired electricity in the 2030s for major economies and in the 2040s for poorer countries, the UK said.
However, major players such as Australia, the United States, China and India are missing from the deal.
Coal Action Network activist Cindy Baxter said Morning report that did not mean that the agreement had no merit.
“Vietnam, for example, has the third largest pipeline in terms of coal construction projects. [infrastructure] in the world.
âWe also went to Indonesia which has a huge coal pipeline, we take some of the Indonesian coal.
âPoland, Iâ¦ participated in three climate talks in Poland and we all call it ‘land of coal’. “
The Huntly coal-fired power plant should have been shut down in 2018 and it would be better if that happened by 2030, Baxter said.
Genesis Energy has said it will stop using coal “under normal hydrologic conditions” by 2025, with the “intention” of completely phasing out coal by 2030.
Last year, coal imports peaked in 14 years, with low rainfall, meaning Huntly needed fuel and coal accounted for 10% of the electricity used in the first three months of the year. ‘year.
Baxter said Fonterra needs to move forward with plans to stop using coal-fired boilers by 2037.
Coal is the main contributor to climate change.
The head of the Greenpeace delegation to COP26, Juan Pablo Osornio, said: “Overall, this statement still falls far short of the ambition needed on fossil fuels in this critical decade”
Meanwhile, New Zealand has joined 20 other countries in agreeing to stop providing public funding for overseas oil, gas and coal projects by the end of next year.
The United States, United Kingdom and Canada are involved, as are several development institutions.
However, China, Japan and South Korea, which are the biggest overseas oil and gas financiers, are not among the signatories.
Funding will be cut from all âuninterruptedâ fossil fuel developments, which means no money unless the projects use the technology to capture and bury the CO2 that is emitted when the fuel is burned.
– RNZ / BBC