Sentences with phrase «from coal financing»

Not exact matches

The package includes a plan to phase out coal - fired electricity generation by 2030, a commitment to generate 30 per cent of Alberta's electricity from renewable sources by 2030, new financing for energy efficiency, and an economy - wide price on carbon pollution.

Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial circles.

Christian Aid wants to see leaders commit to making a big shift in the flow of global finance - away from dirty energy sources like coal, and towards green investment.»

«The coal industry is desperately looking for positives, but most appear to come from their own PR campaigns claiming that coal is the solution to energy poverty or that coal is amazing,» James Leaton, head of research at the nonprofit Carbon Tracker Initiative, said of the industry's ongoing slide in the online journal World Finance.

India's Tata Power group just gained important financial backing from the International Finance Corporation, a branch of the World Bank, for its planned $ 4 billion, 4 - billion watt «Ultra Mega» coal - burning power plant complex in Gujarat state.

The main opposition to that is from the coal - financed Electric Power Research Institute, which makes a business out of distortion of economic models to «prove» that renewables are just too expensive.

According to early November 2012 estimates from research firm Bloomberg New Energy Finance, German utilities were set to lose an average $ 11.70 / MW but gain $ 14.22 / MW when they combusted coal.

Those concerns stem from KfWs fierce defence of financing for new coal plants in the past, claiming that it is compatible with a 2 °C climate target.

One analyst from the Bloomberg New Energy Finance research group projected that floating wind projects by 2020 could cost more than twice per megawatt than conventional offshore wind, which itself has been estimated, on average, to cost about three times more per megawatt than many new natural gas and coal power stations.

Costs of generating electricity from coal and natural gas are rising as renewables penetrate the market and fossil fuel plants run less, according to Bloomberg New Energy Finance.

But if Germany is so coal friendly, why is it contemplating this significant move away from international coal financing?

«A speedy exit from coal investments by the finance industry is not just a question of avoiding stranded assets, but of maintaining a livable world.»

The Environmental Protection Agency is weathering a storm of well - financed assaults from the coal industry, and its allies in other wealthy extractive industries.

While most coal databases used by the finance industry only cover around 100 companies, the GCEL provides key statistics on over 770 companies whose activities range from coal exploration and mining, coal trading and transport, to coal power generation and manufacturing of coal plants.

In a webinar with Climate Tracker, which is composed of a network of climate journalists around the world, Higham said apart from no new coal - fire plants should be approved beyond 2020 and all existing plants should be in the process of being retired, renewable energy financing must be ramped up to US$ 700 billion.

Electricity can be supplied from a new wind farm in Australia at a cost of A$ 80 ($ 84) per megawatt hour, compared with A$ 143 a megawatt hour from a new coal - fired power plant or A$ 116 from a new station powered by natural gas when the cost of carbon emissions is included, according to a Bloomberg New Energy Finance report.

Despite vocal commitments to help tackle climate change, six key multilateral banks (MDBs) financed over $ 7 billion in coal, oil, and gas projects in 2015, and funded a total of $ 83 billion in fossil fuels from 2008 - 2015.

Now ExxonMobil — the only major oil company to deny the reality of climate change — has joined the coal industry to finance the skeptics, confuse the public and undermine the work of 2,000 scientists from 100 countries on the IPCC.

«[Norway's] Finance Committee recommends the exclusion of «coal power companies and mining companies, who themselves or through operations they control, base 30 % or more of their activities on coal, and / or derive 30 % of their revenues from coal.»

The French government must shift financing from dirty energy like coal and nuclear, towards the socially - controlled and owned renewable energy the world needs.»

Countries of South East Europe plan to add about 6 GW of new coal power capacity by 2030, largely backed by the finance from Chinese investors.

Although China is rapidly moving away from coal in its domestic economy, the Chinese export finance machine is still pushing coal projects around the world, as long as they use Chinese equipment and expertise.

According to the report, between 2007 - 2015, 100 million metric tons of carbon pollution were released every year from the coal - fired power plants financed by the G7 countries.

According to media reports, the Bangladeshi company Orion Group, originally claimed to have secured financing for not one, but two coal projects in Bangladesh from Ex-Im Bank.

As other countries move away from coal and increase their renewable energy capacity, Japan is doubling down on fossil fuels, and continues to heavily finance coal and gas projects both domestically and all over the world.

The Export - Import Bank, over which the president has authority, has come under fire from environmental groups for financing coal plants in less - developed countries.

In 2011 and 2012, both parties combined took more than $ 34 million in campaign finance from oil, gas, and coal companies.

Responding to public pressure from advocacy groups, Ex-Im Bank is no longer considering financing for a coal plant proposed to be built outside Bangladesh's capital city of Dhaka, one of the largest cities in the world.

«Over the past two years, Norges Bank, following upon its investment mandates from the Norwegian Parliament (Stortinget) and the Minister of Finance, divested the Norwegian Government Pension Fund Global (GPFG)'s of its holdings in at least 49 companies with substantial operations related to mining and burning of coal.

The report found that just 15 percent of this energy finance from G20 nations is earmarked to support clean energy, while tens of billions of dollars are funneled to oil, gas, and coal producers annually.

Another massive coal project proposed to be built near the Sundarbans, the Rampal coal plant, just secured financing from India's Export - Import Bank.

HSBC, Europe's biggest bank, and Deutsche Bank, Germany's biggest, have stated that they were not interested in financing any coal mines that would export from ports near Australia's Great Barrier Reef.

Bending emissions toward a 1.5 °C pathway will be impossible, unless the finance industry makes a speedy and full exit from the coal industry.

For example, EIA's annualized cost figure for generating electricity from new coal includes a penalty of three percentage points on the cost of capital to represent the difficulty of obtaining financing for new coal units.

Zachary Hurwitz, Global Standards coordinator at International Rivers pointed out, «There's nothing — yet — in the Fund's rules to stop it from financing false solutions like «clean» coal, natural gas fracking, destructive dams or even nuclear power in the name of «low - emissions» energy.

«Although the majority of coal plant developers are from Asia, international banks and investors from Europe, North America and Australia all play an important role in financing their dirty business,» says Heffa Schuecking.

From 2008 to 2010 World Bank Group financing for oil, gas and coal averaged $ 4.7 billion a year, and from 2011 to 2013 financing averaged $ 2.3 billion annuaFrom 2008 to 2010 World Bank Group financing for oil, gas and coal averaged $ 4.7 billion a year, and from 2011 to 2013 financing averaged $ 2.3 billion annuafrom 2011 to 2013 financing averaged $ 2.3 billion annually.

Mr. Sweeney, who advises clients on a broad range of U.S. domestic and international oil and gas, coal, and other natural resource, infrastructure and finance transactions, comes to Akin Gump from K&L Gates, where he was a partner.