By Zachary Skidmore04 Nov 2021 (Last Updated November 4th, 2021 11:39) Power Technology
More than 40 countries have agreed at COP26 to phase out their use of coal power by 2040 at the latest.

More than 40 countries have agreed to phase out coal-fired power at the COP26 climate summit. The agreement includes 18 countries promising to phase out or stop investments in new coal-fired plants domestically and internationally for the first time.
The list includes major coal using countries, including Canada, Poland, Ukraine, and Vietnam. Signatories to the agreement have committed to phasing out coal power in the 2030s for major economies and the 2040s for poorer nations. Dozens of private organisations have also signed up to the pledge, with HSBC and Export Development Canada among several major banks agreeing to divest from the coal industry.
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Solar energy in Vietnam has grown rapidly since 2018, supported by Chinese finance and technology (Image: Alamy)
A coal power plant in Vietnam’s northern province of Thai Binh in 2019. photo by VnExpress/Gia Chinh.
Vinh Tan Power Plant 4 in the central province of Binh Thuan. Photo by Shutterstock/pDang86.Despite the associated environmental problems, Vietnam cannot do without coal-fired power plants for another 15 years at least, experts say.

