February 2, 2018 Read More →

Chile Announces Coal Phase-Out

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Chile will phase out coal power generation, president Michelle Bachelet declared on Wednesday.

The energy ministry has secured an agreement with its major utilities not to build any more coal plants, unless they are fitted with technology to pump the emissions underground.

A working group will develop a plan to replace existing coal capacity, Bachelet said. The fuel generated 35% of the South American country’s electricity in 2015.

Tweeting the announcement, environment minister Marcelo Mena described it as “the beginning of the end of coal”.

Chile’s electricity companies pledged in the joint statement to deliver the country’s goal to generate 70% of power from renewable sources by 2050.

More: Chile declares start of coal power phase-out

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