EBRD tightens rules on coal investment

The bank will no longer fund new coal-fired power plants except in “exceptional circumstances” where there are no economically feasible alternatives

The European Bank for Reconstruction and Development (EBRD) will no longer fund new coal-fired power plants except in “exceptional circumstances” where there are no economically feasible alternatives, it said on Tuesday.

The move is part of the bank’s new energy sector strategy and follows similar announcements by the World Bank, European Investment Bank, and British and French development agencies CDC and AFD.

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