The climate summit didn’t kill off coal – what stocks might benefit?

The COP26 climate summit made a commitment to "phase down" coal. But coal still accounts for a vast amount of the energy produced around the world – and will do for some time yet. Saloni Sardana looks at what was agreed, and how you can invest in coal.

Bulldozer on a heap of coal
We'll be using coal for a long time to come
(Image credit: © MONEY SHARMA/AFP via Getty Images)

The COP26 climate summit was always going to be eventful. The closely-watched global summit was held in Glasgow, promising to put huge pressure on nations to reduce their fossil fuel usage even as Europe and other parts of the world are in the midst of one of their worst energy crises in recent history.

It initially looked as though the 200 nations attending had agreed a solid commitment to phase out coal. But at the eleventh hour the final text of the agreement was watered down to include a “phase down” rather than a “phase out” of coal.

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Saloni Sardana

Saloni is a web writer for MoneyWeek focusing on personal finance and global financial markets. Her work has appeared in FTAdviser (part of the Financial Times),  Business Insider and City A.M, among other publications. She holds a masters in international journalism from City, University of London.

Follow her on Twitter at @sardana_saloni