October 28, 2020 Read More →

Political, investment landscape for coal shifting dramatically

Climate Home News:

President Trump did ExxonMobil no favors when he suggested he would do favors for the oil giant.

In May 2019, UN chief Antonio Guterres urged the world: “Stop building new coal plants by 2020.”

His unusually prescriptive solution to the climate crisis was inspired by a tour of the Pacific, where he saw the vulnerability of small island states to rising seas and weather extremes.

Tim Buckley from the Institute for Energy Economics and Financial Analysis (Ieefa) agrees that planned coal plants in China are more likely to be built than those in Vietnam or Indonesia, for example. 

[Joe Lo]

More: Who will build the world’s last coal plant?

Posted in: IEEFA In the News

Comments are closed.