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Japan Pulls Back from Coal, Though New Plants Move Forward
Japanese financial institutions and energy companies continue to move away from supporting coal-fired power generation, as the country’s leadership reiterates what it says is an “unwavering resolve to
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Banks Invest in Coal, Gas Projects Despite Pushback
A new report from a half-dozen environmental groups says global banks financed $2.7 trillion of fossil fuel projects from December 2015, when the Paris Agreement on climate was reached, through year-end 2019. The report said funding for such projects has increased in each of the past four years. “Banking on Climate Change 2020,” published March […]
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COP24’s Hefty Impact on the Power Sector
Two weeks of intense negotiations at the 24th meeting of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) in Katowice, Poland, last December culminated in