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3 countries that financed a global coal boom are starting to pull their money Vox.com 12/10/2020 Lili Pike © Edy Susanto/SOPA Images/LightRocket via Getty Images Activists staged a rally in front of the South Korean Embassy on June 25, 2020, to demand that President Moon Jae-in withdraw South Korea’s funding of a coal plant in Indonesia. Fifteen years ago, coal was entering a new golden age. China began commissioning dozens of new coal-fired power plants every year, and India, along with other developing countries, followed in its footsteps to meet growing electricity demand. Coal plants in developed countries like the US and Germany have been major contributors to climate change, to be sure. But the more recent projects financed by East Asian countries pose a unique threat: Their conventional lifespan means they would run past the 2050 deadline by which the use of coal must be phased out to limit the global temperature rise to 1.5 degrees Celsius, acco

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