Goal Projects News Today

Green NGOs have accused the Asian Development Bank of indirectly financing coal plants in Indonesia through a $600 million loan despite promises to no longer fund projects tied to the fossil fuel, according to a new report."Publicly funded institutions like the Asian Development Bank must include robust coal exclusions in contracts... in order to end coal finance for good," said Daniel Willis, finance campaigner at NGO Recourse.

The IEA says this means that no new major oil and gas extraction projects are needed anywhere around the globe, nor any new coal mines or unabated coal plants.

The amount of capacity planned or under construction around the world reached 537 GW last year, with China accounting for 68 percent of the total

The amount of capacity planned or under construction around the world reached 537 GW last year, with China accounting for 68 percent of the total

An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction.

Read more about CoalMin targets projects worth Rs 41K-crore for asset monetisation on Business Standard. These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

The G7 countries, representing the world's seven largest advanced economies, will stop funding coal projects that emit carbon by the end of 2021

The G7 countries, representing the world's seven largest advanced economies, will stop funding coal projects that emit carbon by the end of 2021