Banks have directed more than $385 billion into coal-fired power plants over the past three years, contrary to international commitments to decarbonize.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
The NGO analysis shows that despite promises at the COP26 summit to phase out coal, banks around the world have increased financing for coal-fired power plants, allocating 385 billion dollars over the past three years. Chinese banks lead the way in financing the sector, followed by US and European banks. Shutting down coal plants is complicated, especially in developing countries, and some banks have started to relax their financial restrictions, jeopardizing global climate goals.
Sources
Băncile din întreaga lume investesc miliarde în termocentrale pe cărbune
Băncile au direcţionat peste 385 de miliarde de dolari în termocentrale pe cărbune în ultimii trei ani
Băncile din toată lumea investesc sute de miliarde de dolari în termocentrale pe cărbune - Economica.net
Bloomberg: Băncile investesc sute de miliarde de dolari în termocentrale pe cărbune / Revenirea lui Donald Trump la Casa Albă a impulsionat şi mai mult industria carboniferă
Latest News
13:56
Maia Sandu accuses Russia of trying to turn the Republic of Moldova into a “second Belarus”
13:50
At least 30 dead in Ukraine, where the Russians struck two buses in Kramatorsk
13:43
Poland: 15-year-old teenager detained after attacking three school employees. One of the victims died
13:41
Lithuania sends troops to the border with the Russian exclave of Kaliningrad
13:33
The Commission supports national taxes on windfall profits in the energy sector, while ECOFIN will discuss a possible European response
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
