Coal and corruption – the case of the European Bank for Reconstruction and Development
Publisher: CEE Bankwatch Network
Volume: 9 pages, pdf
Description:
2013 has been the year when the world finally started to wake up to the fact that if we want to address climate change, we will have to leave most fossil fuels in the ground, particularly coal. One after one, public and commercial lenders have come up with policies limiting their lending for coal projects, including the World Bank, the European Investment Bank and the US ExIm Bank. The EBRD, too, is about to approve a new energy strategy, yet it is unclear to what extent it will follow its peers in halting coal financing.