Ter wrote:Yet the World Bank and the Asian Development Bank keep on funding multi billion dollar projects in Bangladesh. Those institutions are in an excellent position to influence energy policies but they keep quiet abut it.
In don't think either of those organisations still invest in coal, but they need to stop supporting oil, gas and mining.
A new report has just been released on the global state of coal 2019
2/3rds of proposed projects never got built.
Amount of new coal power in the pipeline fell by 132GW.
China's coal stations are now running at 50% capacity and falling with each new plant they build.
The largest funder of coal that is proposed outside of China is Chinese companies.
Much of the worlds coal capacity outside of the Far East is aging, due for retirement and with no new coal replacement scheduled.
The key to total phase out will be the younger plants that are running at reduced capacity and a continued reduction to plants being built.