Although there was discussion of a commitment to ‘phase out’ coal entirely, this was later changed to a ‘phase down’ approach instead. Countries such as India and China were very resistant to the phasing out idea due to their ongoing heavy dependence. Despite this, coal was named for the first time as a root cause of global warming – a stance that hasn’t been seen before. Unfortunately, this ‘phase down’ stance is hard to quantify so it will likely require further agreements to make more progress.
Leaders globally have made a commitment to reduce (and then remove entirely) any subsidies that artificially reduce the prices of fossil fuels such as coal, oil and natural gas. These subsidies are now being seen as encouraging dependence on these energy sources despite there sometimes being more viable renewable solutions. Once again, there’s no set dates yet for when this will be enacted however the hope is that it will push consumers towards carbon-neutral or renewable energy sources.