Listed below are links to weblogs that reference Holiday Season Brings Big Developments For
International Coal Financing:
But if Germany is so coal friendly, why is it contemplating this significant move away from
international coal financing?
An update to our previous reports on
international coal finance, this report confirms that financing for coal threatens to undermine the Paris Agreement's aims.
Not exact matches
The United States said Tuesday it plans to use its leverage within global development banks to limit
financing for
coal - fired power plants abroad, part of Washington's
international strategy to combat climate change.
For more information on G20 fossil fuel subsidies, including public
finance, read Oil Change
International and Overseas Development Institute's report: Empty Promises: G20 Subsidies to Oil, Gas, and
Coal Production
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.
(I haven't had time to see whether the
International Finance Corporation's approval of loans for India's «Ultra Mega»
coal - burning power plants is included.)
Given Long Phu's intimate involvement with sanctioned Russian entities and corrupt officials, violations of
international restrictions on
coal financing, and fueling climate chaos, Ex-Im Bank should have long ago considered this project dead on arrival.
National and
international development banks and export credit agencies, including Export - Import Banks in (South) Korea and the US, the Japanese Bank for International Cooperation [1] and the Export Finance Insurance Corporation in Australia have been a major source of finance for coal plants in developing countries like the Phillipines
international development banks and export credit agencies, including Export - Import Banks in (South) Korea and the US, the Japanese Bank for
International Cooperation [1] and the Export Finance Insurance Corporation in Australia have been a major source of finance for coal plants in developing countries like the Phillipines
International Cooperation [1] and the Export
Finance Insurance Corporation in Australia have been a major source of finance for coal plants in developing countries like the Phillipines and V
Finance Insurance Corporation in Australia have been a major source of
finance for coal plants in developing countries like the Phillipines and V
finance for
coal plants in developing countries like the Phillipines and Vietnam.
Listed below are links to weblogs that reference Will Germany Join the
International Community and Restrict Overseas
Coal Finance?
Financing of
coal plants by
international lenders such as the World Bank and the U.S. Export - Import Bank has also been the focus of protests, including worldwide opposition to the Tata Mundra Ultra Mega Power Project in India and the Medupi Power Station in South Africa.
A series of reports by Friends of the Earth showed that the proposed Long Phu 1
coal plant's climate impact will be worse than claimed and will violate
international environmental policies, including restrictions on
financing for
coal plants abroad.
If Environment Minister Hendriks» does announce a stringent, comprehensive limitation on overseas
coal financing, in line with the
international community, it would be exactly the kind of action that 100,000 environmental, labor, faith, and social justice activists will be marching for this Sunday in New York City at the People's Climate March, and its affiliated events worldwide.
That's particularly important for those concerned about the impacts the global
coal industry has on our health and environment because Germany is currently the third largest source of
international public
financing for
coal.
Coverage of Japan's
coal funding has sparked an important debate about the role of
international climate
finance in facilitating the transition to a low - carbon economy.
Last week, the UN Climate Summit in Lima, Peru, kicked off amid controversy with news that Japan had counted loans for
coal projects in Indonesia as
international climate
finance.
Main Will Germany Join the
International Community and Restrict Overseas
Coal Finance?»
The Natural Resources Defense Council, in partnership with World Wide Fund for Nature (WWF), Oil Change
International (OCI), Kiko Network, Japan Center for a Sustainable Environment and Society (JACSES), and Friends of the Earth Japan released a new report entitled, Swept Under the Rug: How G7 Nations Conceal Public
Financing for
Coal Around the World.
The Asian Development Bank and the
International Finance Corporation combined a few years ago to loan nearly $ 1 billion to help fund the Tata Mundra
coal project.
Another reason for Americans to be concerned about this
international issue is one of the largest U.S. corporations, and a serial environmental polluter and tax evader, General Electric (GE), is slated to receive U.S. Ex-Im
financing for its involvement in the construction of the Orion - Khulna
coal plant.
Sources for this report include: Agence France Presse, Asia Pulse, Associated Press, BBC Monitoring
International Reports, Central Asia & Caucasus Business Report, Caspian News Agency, Caspian Business Report, CIA World Factbook, Current Digest of the Post-Soviet Press, The Economist, Energy Day, The Financial Times, FSU Energy, FSU Oil and Gas Monitor, Gas Connections, Global Insight, Hart's European Fuel News, Interfax News Agency, The
International Herald Tribune,
International Petroleum
Finance, ITAR - TASS News Agency, Mining & Metals Report, The Moscow Times, Oil and Gas Journal, Petroleum Economist, Petroleum Report, Platt's
International Coal Report, Platt's Oilgram News, Polish News Bulletin, PR Newswire, Project
Finance, Radio Free Europe / Radio Liberty, Reuters, RosBusinessConsulting Database, Russian Economic News, The Russian Oil & Gas Report, Turkish Daily News, Ukraine Business Report, U.S. Department of Energy, U.S. Energy Information Administration, U.S. Department of State, Warsaw Business Journal, World Gas Intelligence, and World Markets Analysis.
Originally posted on Environmental
Finance Last week, the UN Climate Summit in Lima, Peru, kicked off amid controversy with news that Japan had counted loans for coal projects in Indonesia as international climate f
Finance Last week, the UN Climate Summit in Lima, Peru, kicked off amid controversy with news that Japan had counted loans for
coal projects in Indonesia as
international climate
financefinance.
Trump would violate an
international agreement if he decided to allow the U.S. to once again
finance the dirtiest of
coal plants.
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.
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.
International law firm Pinsent Masons has advised on one of the first projects to be
financed under China's «One Belt One Road» initiative - Thar Block II
coal mine in Pakistan and two associated 330 - megawatt power plants.