Government must say no to new coalmines, or risk damaging our climate and our international reputation
4 hr
The government must close the door on new coalmines in the UK and signal we are transitioning to a net zero world. Without it the chances of delivering our goals at COP26 are slim.
It’s not unusual for a planning application to be controversial in its own locality. But it is unusual for one to become the subject of international interest or the litmus test of a government’s commitment to meet net zero ambitions. The Whitehaven deep coalmine application has become both.
04.05.21 )
More than five years after the Paris Agreement, the UK financial sector is actively undermining Government efforts to phase out coal, according to a new report from NGO Reclaim Finance (1). The group’s research, undertaken in collaboration with German NGO Urgewald, has found that five leading UK banks provided $56 billion of support to companies on the Global Coal Exit List (GCEL) between October 2018 and October 2020 (2). Investors led by Legal & General (L&G) likewise held $47bn in GCEL companies in January 2021. Worse still, the report unveils widespread support for companies planning on expanding coal among UK banks and investors.
Leading Banks Under the Spotlight
Quitting coal power single most important step in six months before Cop26, says IEA chief yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Coal phase-out group is ‘a smokescreen’, says NGO
The Powering Past Coal Alliance (PPCA), led by the UK and Canada, is being used as a “greenwashing engine” for financial institutions, according to a new report from Reclaim Finance.
by Becca Challis
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Governor Yang Seung-jo was invited to The Powering Past Coal Global Summit 2021 as an Asian representative
CHUNGCHENGGNAM-DO: Chungchenggnam-do province, in the southwest of the Korean Peninsula, will achieve carbon neutrality by 2050 through close cooperation with local residents, the provincial council, and civic organizations, Governor Yang Seung-jo told an international summit of leaders from national governments, regions and cities, banks and investors, energy majors and grid operators, academia and NGO, youth and health groups.
Governor Yang presented the province’s proactive coal-phaseout policy, noting that Chungcheongnam-do hosts half of the 60 domestic coal-fired power plants, transmits over 60% of electricity generated by these plants to other provinces, and accounts for 22% of the greenhouse gas emissions by Korea.