The German government has announced an end to development finance for new coal-fired power plants. The decision was announced at the UN Climate Change Summit in New York last week.
The head of the IEA Clean Coal Centre says moves by the World Bank and other institutions to end investment in coal-fired power plants would be ‘misguided.’
The head of the African Development Bank’s (AfDB) is defending his decision to continue financing coal-fired power plants, despite pressure from environmental groups and UN officials to shift more funds towards cleaner energy.
Danish Climate and Energy minister Rasmus Helveg Petersen says his department is considering the prospect of completely removing coal from its energy mix within a decade. However the head of the IEA Clean Coal Centre says this approach is misguided.