The alliance of governments — under a partnership with Bloomberg Philanthropies and Sustainable Finance For All, a United Nations body — will concentrate on countries where energy demand is projected to grow, and where renewable energy potential is plentiful. Coal is the single largest source of planet-warming emissions and still a major source of energy generation in many nations. At the same time, attracting private-sector dollars for wind, solar and other renewable power has been a challenge, particularly in developing countries. The group’s goal is to see coal plants retired in many developing countries by 2040, with some wealthier countries ending coal use by 2030.
Read more of this story at Slashdot.