Britain is set to become the first G7 country to end coal-fired power production, with the closure of Uniper's Ratcliffe-on-Soar plant in the Midlands on Monday. This marks the end of more than a century of coal power in the UK. Since announcing plans in 2015 to phase out coal plants, the country has reduced its reliance on coal for electricity from 30% to just over 1%. The shift has significantly cut greenhouse gas emissions, aiding Britain's net-zero emissions goal for 2050. The government aims to fully decarbonize the electricity sector by 2030 by transitioning to renewable energy sources.
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00:00It's Benzinga, and here's what's on the block.
00:03Britain is set to become the first G7 country to end coal-fired power production with the
00:07closure of Uniper's Ratcliffe-on-Soar plant in the Midlands on Monday.
00:12This marks the end of more than a century of coal power in the UK.
00:16Since announcing plans in 2015 to phase out coal plants, the country has reduced its reliance
00:21on coal for electricity from 30% to just over 1%.
00:25The shift has significantly cut greenhouse gas emissions, aiding Britain's net-zero
00:29emissions goal for 2050.
00:31The government aims to fully decarbonize the electricity sector by 2030 with a transition
00:36to renewable energy sources.