Sentences with phrase «limit coal financing»

To avoid locking Indonesia into a future of dirty, climate - destroying coal and making a mockery of its Energy Directions» pledge to limit coal financing, the World Bank must:

The World Bank's increase in fossil fuel finance is especially disappointing as 2014 was the first full fiscal year following the World Bank's commitment to limit coal financing due to climate concerns.

This increase comes during the first full fiscal year following the World Bank's announced commitment to limit coal financing due to climate concerns.

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.

• Ensure that the limit on coal financing in the Energy Directions paper is comprehensive and applies to all forms of World Bank Group support, including development policy loans, financial intermediaries, and advisory services.

Supporting new coal development greatly undermines President Obama's much - touted climate legacy, including his commitment under the Climate Action Plan to restrict financing coal plants overseas and the recent formal U.S. commitment to the Paris agreement, which aspires to limit global temperature rise to no more than 1.5 degrees Celsius and thus rules out any question of U.S. investment in coal.

Giles Dickson, head of environmental policies and global advocacy for Alstom in Paris, said countries with no limits on coal plant financing would move in to replace those who can not provide export credits.