How the International Energy Agency Guides Energy Decisions towards Fossil Fuel Dependence and Climate Change
Hidden Costs: Pollution from Coal Power Financed by OECD Countries November 2015 Oil Change International and WWF DOWNLOAD REPORT OECD countries support coal-fired power plants abroad by providing preferential financing through institutions called Export Credit Agencies (ECAs). These coal-fired power plants have significant costs, in the form damages to the health of local populations from air … Read More
Today – just a few months before landmark climate change negotiation in Paris – a little-known working group within the OECD met to discuss a big issue: should rich countries continue to push dirty coal technologies overseas, or should they finally set some limits on financing climate destruction? The question is an important one, as a … Read More
A new report released today by Oil Change International, Natural Resources Defense Council (NRDC), and World Wide Fund for Nature (WWF) exposes for the first time a web of billions of dollars of public finance flowing to support the coal industry each year by way of export support, development aid and general finance.
Combining all known public sources, and augmenting them with subscription industry databases, this report makes comprehensive information on public financing for coal easily accessible for the first time.
This analysis finds that over the last decade, export credit agency financing has played a significant role in supporting coal power generation globally. Most alarmingly, OECD export credit financing for coal has substantially increased in recent years.
A new analysis of leaked OECD data finds that over the last decade, export credit agency finance has played a significant role in supporting coal power generation globally.