Coal news and updates

Net-zero pledges, improved metrics to put pressure on coal power, say investors

Ambitions to wind down the world's coal use are likely to be accelerated by corporate net-zero pledges and better ways of measuring where factories in the global supply chain get their power, investors said. The use of coal-fired electricity, especially in Asia, remains a major issue for top western manufacturers and retailers, putting them under pressure to shift to cleaner sources of supply in line with a deal at U.N. climate talks over the weekend targeting fossil fuel use. Sophie Dejonckheere, Director of Sustainable Finance at TD Securities, who attended the U.N.'s conference in Glasgow, Scotland, said within a year or two investors will have access to enough details to press companies about what type of power was used in the production of their goods, both from regulatory disclosures and public sources like satellite imagery.