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Rich Nations Scramble to Seal Coal Transition Deals Before COP27

Talks over multibillion-dollar packages ahead of the United Nations climate summit in November have been hindered by national politics and Russia’s war in Ukraine.

Coal is loaded onto a barge in Jakarta.

Coal is loaded onto a barge in Jakarta.

Photographer: Dimas Ardian/Bloomberg

As they prepare for the next round of global climate talks in November, officials from rich countries are trying to pull together a series of multibillion-dollar packages to help poor countries phase out coal.

But negotiations have been snarled by national politics and Russia’s war in Ukraine, which has made the dirtiest fossil fuel a lucrative commodity to mine and export, according to people familiar with the talks who asked not to be identified because the discussions are private.