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140 new news items in the last 24 hours
  1. Home
  2. Economy

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
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8 July 2025, 08:50
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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

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Profit.ro
Băncile din întreaga lume investesc miliarde în termocentrale pe cărbune
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Economedia
Băncile au direcţionat peste 385 de miliarde de dolari în termocentrale pe cărbune în ultimii trei ani
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Economica
Băncile din toată lumea investesc sute de miliarde de dolari în termocentrale pe cărbune - Economica.net
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G4Media
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

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NEWS ON THE SAME TOPICS

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Politics
Ilie Bolojan announced that the postponement of the closure of the lignite power plants in Turceni and Craiova could lead to losses of up to 100 million euros from the PNRR.
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The Senate voted to cancel the closure of coal-fired power plants, adopting amendments that allow for their reopening / Ilie Bolojan warns about penalties from the EU
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Romania closed its coal on paper and built gas plants from words
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China injects 53.6 billion dollars into eight banks and insurance companies to support the economy
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Dragoș Pîslaru accuses PSD and AUR of putting the money from PNRR at risk after the Senate vote on decarbonization: "It's an absolute blockage, requested by no one, made for a populist issue."
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coal-fired power plants Decarbonisation banks investment termocentrala termocentrala Climate crisis

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