
Demolition of coal-fired power station in Ferrybridge, Credits: bojangles via Shutterstock
Top 5 Coal Financing Regions
How The World Can Quit Coal
At least 30% of our planet’s temperature rise is due to burning of coal, and 2024 was the hottest year on record at about 1.55°C above pre-industrial levels. Meeting the commitment of the 2021 Glasgow Climate Summit to phase coal down and out has become more important than ever as more and more of the world’s population is exposed to record-breaking wildfires, droughts, heat waves, floods and other extreme weather events.
Quitting coal is the easiest of the many steps required to achieve net-zero emissions by 2050. Yet many of the world’s commercial banks stubbornly refuse to acknowledge that phasing out coal requires phasing out coal financing.