Chile’s Coal Phase-Out Timeline Announced
As a result of the European Climate Fund’s campaign, Chile’s President Piñera announced the country’s coal phase-out timeline on June 4, as a follow up to last year’s roundtable multi-stakeholder dialogue. The President committed the country to closing all coal-plans by 2040, eight of which will close before 2024 (1040MW, about 20% of installed capacity). This would move the electricity grid from 40% coal to 20% in five years, with complete phase out by 2040. Read more in Climate Change News.