Energy & Science
Coal Funding Persists Even as Climate Worry Grows
- Bangladesh, India, Pakistan receive most coal power investment
- China responsible for 40% of coal investment in HIC nations
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Coal might be the dirtiest word in climate politics in the run up to the United Nations COP26 summit, but that doesn’t mean financing for it has dried up.
A total of $42 billion was committed to financing coal-fired power plants from 2013 to 2019 in 18 nations with the biggest percentage of population without electricity, or so-called high-impact countries, according to a report from the groups Sustainable Energy for All and Climate Policy Initiative. Bangladesh, India and Pakistan received the majority of investment.