Posted on November, 18 2014

Three of the world’s largest multilateral development banks have announced plans to limit their investments in coal. The World Bank, European Investment Bank and European Bank for Reconstruction and Development – all major investors in coal-based energy systems – have decided to phase out funding of coal-based power stations. WWF applauded these moves, but called on the banks to implement these decisions urgently and effectively, and to preferentially reinvest in clean, renewable energy.
Several governments including Denmark, Finland, Iceland, Norway, Sweden , UK and US also announced plans to shift investments away from coal-based energy. And a major Swedish pension fund has decided to decarbonise investments.