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RSS FeedsGlobal banks undermining Paris climate goals, say reports
(WorldNews India)

 
 

11 december 2017 20:30:14

 
Global banks undermining Paris climate goals, say reports
(WorldNews India)
 


On the eve of the historic Paris Climate Change Agreement`s second anniversary, two new reports on Monday revealed how large banks and investors are actively undermining the climate goals by financing new coal-fired power plants. Investors from India account for six per cent of the institutional investments in coal plant developers. The reports provide data exposing how between January 2014 and September 2017 big banks provided $630 billion in financing to the 120 top coal plant developers, and major institutional investors are currently investing close to $140 billion in the same companies. `With the Paris Agreement now in its second year, there is no excuse for banks and investors to...


 
7 viewsCategory: General > Asia > India
 
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