Twenty companies including Unilever and the Virgin Group announced on Tuesday that they will phase out usage of coal in order to combat climate change.
The companies announced their decision at the One Planet Summit hosted by French President Emmanuel Macron in Paris. Coming a month after the COP23 in Bonn, Germany, the announcement puts the companies in a position similar to the “Powering Past Coal Alliance,” a partnership of 26 nations founded in Bonn by Britain, France, Mexico, New Zealand, Costa Rica and the Marshall Islands.
Among the list of companies committing to the coal phase out are BT, Engie, Kering, Diageo, Marks & Spencer, Orsted and Storebrand.
The companies committed to setting targets to end the use of traditional coal from the power sector, for both consumption and electricity generation. Coal could, however, continue to be used if greenhouse emissions were captured and buried. Meanwhile, the governments in the “Power …
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