The United States and European Union will pledge closer cooperation on fighting climate change at a summit on Tuesday, but will steer clear of setting a date to stop burning coal, according to a draft joint statement.
U.S. President Joe Biden will meet the chief of the European Union's executive, Ursula von der Leyen, and European Council President Charles Michel on Tuesday for a summit tackling issues from trade to the COVID-19 pandemic.
The United States and EU are the world's second- and third- biggest emitters of CO2, respectively, after China. A draft of their summit statement, seen by Reuters, outlines plans for a transatlantic alliance to develop green technologies, and points to sustainable finance as an area for closer transatlantic collaboration.
The United States pledged in April to double its climate funding by 2024 from high average levels hit during the Obama administration of roughly $2.8 billion. The draft EU-US statement echoed a statement made by G7 leaders this weekend, which pledged to stop government financing for international coal plants without carbon capture technology by 2022.But it also stopped short of setting a date for the United States and EU to quit burning coal, the most polluting fossil fuel and the single biggest of greenhouse gas emissions. Brussels and Washington said they will largely eliminate their CO2 emissions from electricity production by the 2030s.
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