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Letzte Aktualisierung: July 2, 2021

Fewer bank loans for coal-fired power abroad

According to a report by Bloomberg, China informed a group of environmental organizations that its largest bank has dropped its plans to finance a three-billion-dollar coal-fired power plant in Zimbabwe. In the report, energy analyst Lauri Myllyvirta stated the decision was "significant" and, to his knowledge, "the first time a Chinese bank has proactively exited a coal-fired power project". Within the last two decades, China's state-owned development banks alone have invested more than $50 billion in coal projects abroad.
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