Pressure is growing on the European Bank for Reconstruction and Development (EBRD) to agree tighter regulations on its funding of new coal power plants. Currently half of the EBRD’s energy portfolio supports fossil fuels, which includes US$1 billion in past financing for coal.
See http://www.rtcc.org/2013/09/04/pressure-mounts-on-eu-development-bank-to-kill-coal-funding/.
EBRD lags behind rivals on trading dirty coal for clean energy
The European development bank’s focus on fossil fuels has had a negative impact on communities. It’s time to change direction.
See http://www.theguardian.com/global-development/poverty-matters/2013/sep/10/ebrd-coal-european-development-bank.