The countries are working to recruit others to sign the pledge ahead of this year's annual U.N climate negotiations, which take place from Nov. 30 to Dec. 12 in Dubai, with a likely launch event at a gathering of world leaders at the start of the summit, a U.S. State Department spokesperson told Reuters.
It was signed by the United Arab Emirates' Presidency of the COP28 summit, the European Commission, the United States, Barbados, Kenya, Chile, Micronesia, the International Energy Agency and the International Renewable Energy Agency . The draft says the deployment of renewables must be accompanied in this decade by "the phase down of unabated coal power," including ending the financing of new coal-fired power plants.
A European Commission spokesperson said the targets were part of the EU's priorities for COP28 and that it was seeking "the widest possible support".