If the announcement only applies to projects announced from September 2021 onwards, it will have “very few climate-saving impacts because negotiation and implementation of any agreement for coal takes years” and the average coal-fired power plant operates for at least 40 years, says Wang Wawa, programme director at Just Finance International. Read the article in… Continue reading Capital Monitor: China is stopping financing coal power overseas – so what?
Tag: OECD export credit agencies
Revised OECD Agreement on Export Credit Restrictions for Coal Plants “Full of Loopholes”
Paris, 4 November 2021: Just Finance International today branded a revised OECD agreement intended to restrict export credit to support international coal-fired power plants as “full of loopholes”, as it allows continued pollution of the global environment. In practice, the new agreement – a revision of a 2015 agreement and effective as of 1 November… Continue reading Revised OECD Agreement on Export Credit Restrictions for Coal Plants “Full of Loopholes”
The Guardian: China pledge to stop funding coal projects ‘buys time for emissions target’
“While we welcome China’s pledge, we are waiting to see how much weight this announcement will hold,” said Wawa Wang, program director of Just Finance International. “Whether Beijing will deliver on this exit from building coal-fired power plants depends on whether it introduces a time-bound exit which reins in all forms of support – finance and construction combined – for all its overseas coal and associated projects.”
Åbent brev til Erhversministeren: Der skal mere fokus på grønne kriterier
I et åbent brev til Erhvervsministeren, Simon Kollerup, vedrørende Danmarks Grønne Fremtidsfond og den danske indsats for fossilfrie eksportkreditter. Læs mere