Jeopardizing the global energy transition

Chinese state-owned institutions, world’s largest banks continue to finance coal power in countries with greatest needs for electricity access; USD 42 billion committed to grid-connected coal power plants between 2013-2019 in 18 countries studied

New research published today by Sustainable Energy for All (SEforALL) and Climate Policy Initiative (CPI) highlights a troubling trend in the fight against climate change and push to deliver universal electricity access: despite environmental, economic and many other challenges facing coal, pockets of funders continue to finance additional coal-fired generation capacity in South Asia and Sub-Saharan Africa. The ... More: Official Press Release SEforALL

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SEforALL, CPI. company, bank, global, Africa, Asia, financing, coal, fossil fuels, investment, energy transition, brief, research, China, phase out