REFILE-EU to seek coal funding phase-out at OECD next week-sources

Tue Nov 10, 2015 11:11am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(fixes link)

* OECD has been seeking a compromise for more than year

* EU examines U.S-Japan-Canada deal closely

* Coal industry says coal is necessary for poor nations

By Barbara Lewis and Valerie Volcovici

BRUSSELS/WASHINGTON, Nov 10 (Reuters) - European Union negotiators will push hard at OECD-sponsored talks next week for a robust deal to phase out subsidies that allow rich nations to export coal plant technology, EU sources said.

The talks may be a final chance to end OECD export credits for coal, the most polluting of fossil fuels, before United Nations climate talks on a global deal to curb climate change, which begin on Nov. 30 in Paris.

The difficulty of agreeing that rich nations should stop allowing governments to fund coal is seen as a foretaste of the challenge of negotiating a new global pact on climate change.

Environment campaigners say last-minute proposals from major coal exporter Australia and South Korea, a major user of coal export credits, were so much weaker than previous compromises that they could scuttle the hosted by the Organisation for Economic Cooperation and Development (OECD), also in Paris.   Continued...