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European Investment Bank halts lending to dirtiest coal power plants

2013-07-24 13:48:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Green groups have cautiously welcomed a decision by the world's largest public financial institution to phase out funding for certain coal power plants, after its directors agreed to stop lending to projects that emit the highest levels of carbon dioxide. The European Investment Bank (EIB) board of directors agreed late yesterday to adopt an emissions performance standard for energy projects, which aims to screen out those energy projects that could undermine the EU's climate change policies,...

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