What We Do
Since its launch by the UK and Canadian governments at COP23 in 2017, the PPCA has been increasing its reach and influence.
Overview
The PPCA is at the forefront of the global effort to deliver the Paris Agreement. Phasing out coal-fired electricity is one of the most important steps to tackle the climate crisis. The IEA found that CO2 emitted from coal combustion was responsible for over a third of the 1°C increase in global average annual surface temperatures above pre-industrial levels. This makes coal the single largest source of global temperature increase.
The PPCA encourages all members to endorse the PPCA Declaration – including a commitment to phase out coal by 2030 in the OECD and EU, and by no later than 2040 in the rest of the world.
In addition to supporting the PPCA Declaration, financial institutions as members of the PPCA commit to the PPCA’s Finance Principles, which include no new financial services and investments for unabated coal-fired power and advocacy for the phase-out of existing capacity.
READ OUR STORY PPCA DECLARATIONSTRANDS OF WORK
Just Transition
In order to ensure a just transition away from coal and fossil fuels, which brings all regions and citizens on
Private Finance
More and more financial institutions recognise the business case for moving away from coal. With renewable energy increasingly becoming more
Subnationals
Subnational members commit to using all policy and regulatory levers under their authority to phase out unabated coal power in
Energy Security
The PPCA and its members affirm that clean energy - not coal - is a solution to the energy security
Utilities and Grids
Grid and Utility members are concerned about the provision of reliable and cost-effective power as the grid transitions to clean
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Credibility & Recognition
We showcase your achievements in phasing out coal to governments and businesses around the world.
Knowledge & Expertise
We share lessons and adopt practical initiatives to support your transition away from coal.
Leadership Platform
We create opportunities for you to improve coal phaseout plans of other governments and businesses.
