coal financing
Go Clean ICBC: Fossil Fuels Continue to Dominate the Investments of Chinese Banks
China and its state and privately owned banks' continued support for coal projects are the main lifeline for the dirtiest fuel. However, with global decarbonisation efforts underway, supporting projects like these can also bear massive financial and reputational risks.
The Coal Financing Landscape – Who Are the Biggest Fossil Fuels Supporters?
Betting on coal companies and keeping a dying industry afloat in the midst of an existential climate crisis is a dangerous game. Yet, world-leading banks and asset managers continue to play it.
How Banks Are Making It Hard to Fight Climate Change
While banks are increasingly looking to diversify into climate-friendly portfolios, many institutions continue to back coal. Due to their increased responsibility and influential role in fighting climate change, banks should aim to end support for coal expansion and redirect financing towards renewable energy projects.
The Role of Coal in China’s Path to Net-Zero Emissions
China has publicly made their target to be net-zero emissions by 2060. In support of this goal, they have made significant strides in increasing their renewable energy capacity. Yet, at the same time, coal consumption has continued to rise. Without reducing coal consumption, achieving a net-zero economy is nearly impossible.
Case Study: Tsingshan Industrial Parks in Indonesia Post-China’s Coal Pledge
In light of the no-coal-power-overseas pledge by China’s President Xi Jinping and Indonesia’s commitment to no new coal power in the recent COP26, the industrial parks fueled by captive coal power in Indonesia, developed by China, face challenges and their future is dotted with question marks.
Most Popular
Categories
-
9
-
31
-
127
-
4
-
17
-
39
-
51
-
14
-
10
-
15
-
23
-
6
-
155
-
162
-
23
-
1
-
22
-
30
-
36
-
66
-
14
-
74
-
40
-
17
-
6
-
28
-
21
-
85
-
245
-
20
-
35
-
31
-
9
-
41
-
35