Tag: France

France makes a bold move on coal finance: Will other countries follow?

This week, French President Hollande made a bold announcement, declaring that France would no longer provide financial support for coal-fired power plants overseas unless they are equipped with technology to capture and store the carbon dioxide emissions. His announcement follows in the steps of President Obama, who announced in 2013 a ban on support for coal plants overseas except in very limited circumstances, and provides a model for other rich countries who are dragging their heels on adopting similar bans.

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