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CoalWire 229, May 17, 2018

New South African power plan nears; Swedish ‘green steel’ pilot plant; outlook for Adani sours.

Adani’s forlorn hope that the global coal market will save its Carmichael mine

Adani recently flagged that it is pinning its hopes for its beleaguered Carmichael thermal coal mine in Australia on growth in the Asia Pacific market, even though the Australian Government’s own resources forecaster is now painting a gloomy picture for coal exporters.

CoalWire 228, May 10, 2018

Insurance companies and banks in Germany, Japan and Belgium cut coal exposure; Spanish utility may exit coal by 2020; Adani Power’s losses in India climb.

CoalWire 227, May 3, 2018

New WHO global air pollution data released; jail for Indian coal director; rapid wind power surge in China; rebuff for Rio Tinto over climate activism of lobby groups; US Powder Basin coal producers feeling squeezed.

Webinar Invitation for New Report on BRI Investments from Friends of the Earth US

Friends of the Earth US is pleased to publish a new report assessing the environmental and social performance of Chinese banks’ investments in Belt and Road countries. The report, “Investing in a Green Belt and Road? Assessing the Implementation of China’s Green Credit Guidelines Abroad,” examines Chinese overseas investments through the lens of the Green Credit Guidelines, a 2012 Chinese bank policy which obligates banks to comply with host country law and international norms and standards in overseas investments.

New reports : Who are the banks and investors still financing coal plant development ?

BankTrack, urgewald, FoE France, Rainforest Action Network and Re:Common, with the support of 16 partners around the world, have just launched this morning two new reports revealing who are the banks and investors still financing the top 120 coal plant developers identified by urgewald in the Global Coal Exit List, and responsible for 2/3 of the global coal plant pipeline.

[DCJActivists] The Big Bad Fix – The Case Against Geoengineering

he report warns that political and economic elites in key emitting countries are turning to geoengineering as a would-be technological fix for the climate crisis, at the same time they refuse to break with an economic model based on fossil fuels and high emissions.

New report on public financing for coal and renewables projects

One year after the Paris Agreement entered into force, are countries really shifting their financial flows to be consistent with a low-greenhouse-gas-emissions future? Our latest report, Power Shift, compares G20 governments’ financing for coal projects and renewable energy projects abroad. Our findings indicate that countries are still financing more coal than renewables projects abroad. Some progress has been made in shifting flows away from dirty energy like coal and into clean energy projects like solar and wind, but more needs to be done.