France’s plans to end coal export credits at risk of cancellation

(Bellona Foundation, Oslo, 20 July 2015) Earlier this year the French government announced plans to withdraw credits for the construction of coal power plants in developing countries (‘export credits’). The French President noted that guarantees would only be granted to plants equipped with Carbon Capture and Storage (CCS) technology. Bellona is, however, disappointed to find that France may be abandoning these promises due to feared economic losses for the energy sector.