The French government has announced its plans to halt subsidies for the construction of coal power plants in developing countries. Funding would only be granted to plants equipped with Carbon Capture and Storage technology. As the host of the upcoming United Nations Climate Summit, COP 21, where a post-2015 global climate deal will be agreed on, France wants to make sure it sets a positive example through its climate practices at home and abroad.
The necessity of this measure was acknowledged in the recently released Synthesis Report of the Intergovernmental Panel on Climate Change which warns that “all fossil fuel power generation without CCS technology should be phased out by 2100 if the world is to keep temperature rise below 2°C, the threshold recommended to prevent dangerous climate change.
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