Coal 2023: Phasing down, not phasing out
Global climate change issues and environmental, social and governance pressures continue to attract significant attention, not least regarding the impact of coal on the environment. Some investors are divesting from companies involved in fossil fuel extraction, including banks and other funding institutions, which are increasingly limiting access to finance for the development of new coal-fired power stations and thermal coal mines. Many governments have pledged to reduce greenhouse-gas emissions under the Paris Agreement to avoid the worst effects of climate change, which is, consequently, im...