Foreclosing the Future: Coal, Climate and International Public Finance (report)

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Foreclosing the Future: Coal, Climate and International Public Finance is a report by Bruce Rich from the U.S.-based environmental group Environmental Defense Fund.

The key finding of the report was that since 1994 the World Bank and other mulitlateral development banks and export credit agencies have financed the construction or expansion of 88 coal-fired power plants. "These plants will generate roughly 791 million tons of CO2 emissions per year, or more than 75% of the current emissions for coal-fired power in the entire European Union," the report states.[1]

Coal-fired power stations identified as having been funded by the development banks

Bulgaria

China

Chile

Colombia

Czech Republic

Germany

Guatelmala

India

Indonesia

Kazakhstan

Malaysia

Mexico

Morocco

Philippines

Poland

Romania

Slovakia

Slovenia

South Africa

Turkey

Thailand

Ukraine

Vietnam

Multilateral and export credit agencies funding coal projects

In his report, Rich identifies the banks and export credit agencies which have contributed to funding the projects above as having included the:

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