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For the construction of new coal-fired power plants allocated 745 billion dollars

Mining industry / Ukraine

against the background of statements about the refusal of coal generation, banks have been actively financing new projects to build coal-fired power plants, with a contribution of eight times more than the European Union plans to allocate to the fight against global warming.

For the construction of new coal-fired power plants allocated 745 billion dollars

International financial institutions over the past three years directed 745 billion in the company, planning the construction of new coal-fired power plants, according to a report by environmental groups calling for an end to funding for the sector.

the Release of the report took place, when world leaders met this week in Madrid for a 12-day climate summit of the UN, which they have to finalize some details of the Paris agreement of 2015.

In a report published by environmental groups Thursday, mentioned the start of construction of over 1000 new coal-fired power plants.

the Amount granted to companies planning new capacity was calculated using data covering both the lending and underwriting in the period from January 2017 to September 2019 for all 258 developers of coal plants, these groups Urgewald and BankTrack.

"most of the leading banks providing loans, or investment banking services for those companies that recognize the risks of climate change, but their actions are a slap in the Paris climate agreement," said Greig Aitken, a member of the campaign for climate BankTrack.

the three leaders of Japan lenders Mizuho, Mitsubishi UFJ Financial Group and Sumitomo Mitsui banking Corporation. Followed by the American giant Citigroup and the French BNP Paribas.

Previously coalsalesthat the European Union is investing $ 100 billion in the closure of coal plants and the development of "green" energy in order to achieve the goal of creating carbon neutral (with emissions equal to their acquisition) of the economy by 2050.

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