Some G7 Countries Are Still Providing Billions in Financing for Coal Plants

(Natural Resources Defense Council, New York, 24 May 2016) Co-written by the NRDC, World Wide Fund for Nature (WWF), Oil Change International (OCI), Kiko Network, Japan Center for a Sustainable Environment and Society (JACSES), and Friends of the Earth Japan, a new report (pdf) finds that between 2007 and 2015, the G7 countries have provided more than $42 billion of public finance for coal in the form of direct finance, guarantees, technical assistance, and aid for coal power, coal mining and related projects. G7 nations are trying to sweep the coal financing under the rug by increasing coal financing through export credit agencies and other entities that provide limited disclosure on their projects.