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OECD agrees deal to restrict financing for coal technology

2015-11-18 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Members of the Organisation of Economic Cooperation and Development (OECD) struck a deal on Tuesday to restrict subsidies used to export technology for coal-fired power plants, ending months of wrangling. Representatives of the world's richest countries agreed a deal to end export credits for inefficient coal plant technology to take effect from Jan. 1, 2017, with a review in 2019 that could allow the deal to be strengthened. This week's talks at the Paris-based OECD were viewed as a final chance...

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