As Illinois Strains to Pass a Major Clean Energy Law, a Big Coal Plant Stands in the Way insideclimatenews.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insideclimatenews.org Daily Mail and Mail on Sunday newspapers.
If the Prairie State coal plant owned by municipal utilities in Winnetka, Naperville, Batavia and other towns is forced to shut down, it would be the end for a big source of air pollution.
Loophole allows China firms to misuse green financing: research Today 05:05 am JST Today | 06:45 am JST SHANGHAI
Loopholes in China s green financing rules could allow big state-owned firms to use proceeds from carbon-neutral bonds to fund day-to-day operations including coal-fired power plants, according to research published on Tuesday.
The Institute for Energy Economics and Financial Analysis (IEEFA) examined the first batch of yuan-denominated carbon-neutral bonds issued this year by giant state-owned energy corporations such as China Energy Investment Corporation(CEIC) and the China Huaneng Group.
It said 30% of proceeds from the bonds were to be allocated to the working capital of the issuers.