Growing support for a shift from coal to renewables
WWF is calling for more investment in renewable energy and decrease investment in coal, oil and gas.
A major UN scientific report calls for a more than tripling of investments in clean energy solutions as the main measure to mitigate climate change. The April report, agreed by the Intergovernmental Panel on Climate Change, finds that investment in sustainable low-carbon energy sources will have limited economic impact compared to the very significant costs of inaction.
The list of major public finance bodies and governments which have committed to shift away from coal-based energy continues to grow and now includes the World Bank, European Investment Bank, UK and French development agencies, the US Export Credit Agency, and the governments of Denmark Finland, Iceland, Norway, Sweden, UK and US.