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Vietnam Nears $15 Billion Climate Pact to Curb Coal Dependence

Bloomberg · John Ainger, Nguyen Dieu Tu Uyen · last updated

Vietnam and donors led by the European Union are nearing a $15 billion climate-financing package, even as they continue to debate issues including the pace of the nation’s potential shift away from fossil fuels.

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Related Knowledge Center: ENERGY BASICS: coal

State of Play

The use of coal, a staple of heating and electricity-generation for decades, is in decline in the United States — supplanted by newly abundant production of natural gas — but is still dominant in some parts of the world. While economical, coal use is particularly problematic as international attention focuses increasingly on climate change.

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