Coal Exit Policies continue to build, week by week, #52 to-date in 2020. New projects using this polluting fuel source are no longer commercially viable absent massive subsidies, nor is new coal power consistent with the climate science.
http://ieefa.org/finance-exiting-coal/">https://ieefa.org/finance-e... by @IEEFA_AsiaPac

Great to see Inter-American Development Bank @the_IDB introduce a #coal exclusion policy as part of a policy to cease support for new gas exploration & development entirely.
#51 to-date in 2020, #140 GSFI in total.
http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=EZSHARE-2131049523-5">https://idbdocs.iadb.org/wsdocs/ge...

The @IFC_org has introduced a new #coal exclusion policy to close a loop-hole that until now allowed the IFC to provide equity investments into emerging market financial institutions without ensuring they were aligned with Paris. #52 year-to-date 2020.https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">
https://www.ifc.org/wps/wcm/connect/05541643-0001-467d-883c-5d7a127ffd57/IFC+Greening+Report+Sept+2020.pdf?MOD=AJPERES&CVID=niscDfR&ContentCache=NONE&CACHE=NONE">https://www.ifc.org/wps/wcm/c...

And this follows the leading Polish Bank PKO with its formal coal policy, as we noted last week. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇱" title="Flagge von Polen" aria-label="Emoji: Flagge von Polen">https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">
https://www.pkobp.pl/media_files/6b9ec504-250c-4508-80b9-5a13cfd17ace.pdf">https://www.pkobp.pl/media_fil...

https://twitter.com/RossHammondSF/status/1306647603375865857?s=20">https://twitter.com/RossHammo...

And September 2020 has also seen this excellent pre-announcement of a coal exclusion policy by Malaysia& #39;s CIMB. The first of a kind from a GSFI Islamic bank? https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇾" title="Flagge von Malaysia" aria-label="Emoji: Flagge von Malaysia">https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">
https://www.theedgemarkets.com/article/cimb-come-coal-financing-policy-end2020">https://www.theedgemarkets.com/article/c... @CIMB_Assists

And @generalelectric has acknowledged stranded asset risks and a Paris Alignment are inconsistent with new #coal plants. https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇾" title="Flagge von Malaysia" aria-label="Emoji: Flagge von Malaysia">https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen">
Finally. Having flushed US$20bn down the drain in just 6 years and sacked 10,000s of staff, GE does the right thing. https://www.ge.com/news/press-releases/ge-pursue-exit-new-build-coal-power-market">https://www.ge.com/news/pres...

Here is @ieefa_institute& #39;s report on @generalelectric from a year ago.
https://ieefa.org/ieefa-report-ge-made-a-massive-bet-on-the-future-of-natural-gas-and-thermal-coal-and-lost/">https://ieefa.org/ieefa-rep... by @kathy_hipple, Tom Sanzillo and me.