European countries talk climate… but finance coal

Lignite Open Pit Mining in the Lusatia Region Braunkohle Tagebau in der Lausitz. © Greenpeace

Lignite Open Pit Mining in the Lusatia Region Braunkohle Tagebau in der Lausitz. © Greenpeace

WWF, April 2014

For the period 2007-2013 European countries still massively financed coal overseas, lending a total of $7 billion to coal projects despite several countries claiming to be climate leaders. In this briefing paper, WWF calls on European countries to immediately and publicly end their support for coal financing through multilateral development banks, national development finance institutions and export credit agencies. The report gives a good summary of the coal ban policies recently adopted by several international financial institutions and governments.

Read the briefing paper here