It is not surprising then that Chinedu Ositadinma Nebo, Nigeria's new minister of power, is in favour of developing
coal power projects in Africa.
The World Bank's infrastructure program in Indonesia stipulates policies and government subsidies that promote the accelerated development of over 16 GW
of coal power projects in the country ahead of developing feasible renewable alternatives.
Chinese companies are heavily involved in
developing coal power projects elsewhere in the Balkans region, most recently advancing millions of dollars in loans for the expansion of coal - fired power in Bosnia.
Several financial institutions have recently announced they will stop funding
new coal power projects, with HSBC being the latest.
Today, thirty environmental NGOs from Europe and India have sent Open Letters to the French government and EDF Trading to clarify their involvement in a
CDM coal power project in India.
According to the report, progress must be accelerated, including
canceling coal power projects under development and hastening retirement of aging coal fleets in Europe and the US.
This week, the Central
Java Coal Power Project added to its list of failures, as continued refusal by villagers to sell their land for the proposed coal plant has forced the Indonesian government to yet again extend the deadline for financial closure of the project.
In what turned out to be a whirlwind year, our activities ranged from bursting the gigantic balloon of 13 gigatonnes CO2 - equivalent of «hot air», to achieving a major victory
against coal power projects in the CDM, to helping local communities negatively affected by CDM projects to be heard at international level.
Several financial institutions have recently announced they will stop funding
new coal power projects, with HSBC being the...
NGOs welcome that EDF Trading, one of the top buyers of carbon credits from carbon offsetting projects, distanced itself from the controversial Adani Mundra
CDM coal power project.
The Hassyan
clean coal power project in Dubai has been awarded the Thomson Reuters PFIE (Project Finance Industry) Award for the «Middle East & Africa Power Deal of the Year 2016».
In 2013, the World Bank placed severe restrictions on the funding
of coal power projects, as did the EU shortly thereafter.
OCBC and DBS have funded 26
coal power projects in Asia worth more than US$ 2 billion over the last six years, according to data from Market Forces.
China also has an on - going global strategy based on building coal power and was involved in 240
coal power projects in 65 countries between 2001 and 2016.
Stop and ban
all coal power projects from being built through local resolutions and community resistance.