Some G7 Countries Still Providing Billions in Financing for Coal Plants - Findings from our new report
The Paris Agreement provides momentum to shift global resources towards low-emission and climate-resilient development. Unfortunately, continued government financing for international coal projects undermines that goal. To address climate change, governments must shift international public finance toward smarter, sustainable options. Japan, which will host the 2016 G7 meeting soon, continues to be the worst offender when it comes to public financing for international coal projects, providing $22 billion from 2007 to 2015. Germany comes in second, providing $9 billion during the same period. Japan not only financed $1.4 billion in coal projects in 2015 but is considering nearly $10 billion in future coal projects. See here for more on Japan.
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