US, UK and Dutch government coalition seeks to limit export credit financing for coal plants

(Reuters, Washington, 16 June 2014) The United States, United Kingdom and Netherlands will float a plan this week requiring new coal-fired power plants to meet a carbon pollution standard in order to receive public funding from the world’s wealthiest countries, according to a draft seen by Reuters. The countries will present the plan to the Organization for Economic Cooperation and Development’s exports credits group, which started a week-long meeting on Monday June 16th.