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More than $73bn of international public finance was given to coal between 2007 and 2014 via credit export agencies

Date

30 June 2015

Related issues

Oil & Gas

Further information

A substantial number of articles appeared this month highlighting massive export credit support for coal projects

Japan and South Korea top list of biggest coal financiers
Germany led EU’s $5bn coal splurge
Japan Tops China as World’s Biggest Lender for Coal, Study Says
Japan, Germany, Korea fuelling growth of coal power
Public is Financing $73 Billion in Coal Development NRDC Report Reveals
Rich countries sweep billions in public finance for coal under the rug as climate deadlines loom
Australia given more than $4 billion in foreign subsidies for coal projects

The full Natural Resources Defense Council “Under the Rug” report is available here: http://docs.nrdc.org/international/files/int_15060201a.pdf

A database on coal financing in the report is here: http://priceofoil.org/content/uploads/2015/06/IFI-ECA-Coal-Investments-06-01-15-NRDC-OCI-WWF-FINAL.xlsb

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