Tag: Coal

The US, Canada, EU, South Korea, Norway, Switzerland, and the UK are co-sponsoring a proposal to end export financing support for unabated coal power. The proposal will be put forward at an OECD meeting today (September 15). A statement from the US Treasury said the US - which would only consider coal with carbon capture, utilization and sequestration technology attached eligible under the plans -  was also “examining ways to further support global exports related to renewable energy and climate change mitigation”. 

China, India, Vietnam, Indonesia, Turkey and Bangladesh account for more than 80% of the world’s coal-fired power project pipeline, according to think-tank E3G. The remaining list of pre-construction projects is spread across a further 31 countries, 16 of which have a single project planned. Since 2015, the report says that 44 governments have committed not to pursue further coal projects, with a further 40 having no projects…