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
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”
Need for improved OECD environmental assessment standards and transparency
Just Finance International would like to seize this opportunity and suggest ways in which to improve how and when OECD members carry out environmental and social impact assessments (ESIAs). The latter determine the impact OECD projects would have on the climate and environment and form the basis of decision for whether a project may go ahead or not.
Adding coal to the fire
Our research on China’s new and ongoing international coal-fired power deals show that while project completion rate is on the decline, and the cancellation rate of projects in a number of countries has risen during the past year, there is a risk that over 3,645 megawatts of newly announced deals from 2021 in Bosnia and Herzegovina, Indonesia, the Philippines, and Serbia, as well as over 10 GW of planned projects in six countries across Europe, Asia and Africa may receive financing or at risk of getting built and put into operation.
G20 Is Opportunity for China to Make Good on its Coal Phase-out Promise – Just Finance International
Copenhagen, 27 October 2021:- China must provide clarity on whether its “international new coal projects exit” covers existing projects during this weekend’s G20 gathering in Rome, or run the risk of building outdated, unwanted climate-warming coal-fired electricity capacity, according to Just Finance International. The commitment to exit coal projects was made by Chinese leader Xi… Continue reading G20 Is Opportunity for China to Make Good on its Coal Phase-out Promise – Just Finance International
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.”
Eksportkreditter med et grønt aftryk
I kampen for klimaet er det altafgørende at de fossile brændsler bliver udfaset. Wawa Wang, seniorrådgiver hos VedvarendeEnergi, arbejder for at Danmark, både nationalt og internationalt, sikrer at de danske eksportkreditter ikke bruges til at støtte fossilindustrien – men kun til at investere grønt. Danmarks eksportkreditagentur EKF (Danmarks Eksportkredit) er i praksis blandt de grønneste… Continue reading Eksportkreditter med et grønt aftryk
Større klimaindsats og transparens fra EKF Danmarks Eksportkredit
Danmarks Eksportkredit (EKF) er i praksis en af de mest grønne eksportkreditgivere i verden med en stor andel vedvarende energi i porteføljen. Derfor er der god grunde til at styrke EKFs klimaprofil og øge transparensen, både med egne indsatser og i samarbejde med andre landes eksportkreditgivere. Dette notat gennemgår nogle eksempler på hvad der kan… Continue reading Større klimaindsats og transparens fra EKF Danmarks Eksportkredit