The countries promised to end or phase out (FT) all investments in new, coal-fired power plants. This should occur (BBC) by the 2030s for major economies and the 2040s for other countries. The world’s top coal consumers—China, India, and the United States—did not sign the pledge.
A group of charitable organizations and international development banks launched a $10.5 billion fund (NYT) to help developing countries transition to renewable sources of energy.