Countries reverse coal phase-out plans amid energy shortages, delaying commitments made at COP26 and by G7 nations.
Governments are rolling back coal phase-out commitments as the global energy crisis intensifies. Over 40 countries had pledged at COP26 to reduce unabated coal power by 2030-2040, while G7 nations later agreed to exit coal generation between 2030 and 2035.
The shift follows energy shortages and rising fuel costs, undermining earlier climate targets. Institutions had also promised to end international coal financing, but these plans are now being reassessed.
Markets are monitoring the impact on energy transition investments and commodity prices as demand for coal persists.