Tag Archive: Europe

Romania commits to exiting coal by 2032 at the latest

September 28, 2021 5:12 pm Published by

The Romanian government has committed the country to phasing-out hard coal and lignite power production by 2032 in its National Resilience and Recovery Plan endorsed yesterday by European Commission president Ursula von der Leyen. This plan sees coal capacity cut by more than three quarters by 2025.

Fool’s Gold: Financial institutions waste billions on coal, undermining climate action

July 15, 2020 10:12 am Published by

European financial institutions and international investors and banks including BlackRock and the Japanese megabanks are keeping Europe’s terminally declining coal industry on life support, handing companies €12 billion in investment, and €9.8 billion in loans and underwriting in less than 1.5 years, according to a new report.

Fool’s Gold

July 15, 2020 8:22 am Published by

Updated for 2020, Fool’s Gold - The financial institutions risking our renewable energy future with coal examines eight European, and four significant international, financial institutions, and finds that all continued to pump money into coal companies in the year after the IPCC released its 1.5 degrees C special report.