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U.S. lays out strict limits on coal funding abroad

2013-10-29 20:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The United States said Tuesday it plans to use its leverage within global development banks to limit financing for coal-fired power plants abroad, part of Washington's international strategy to combat climate change. The U.S. Treasury said it would only support funding for coal plants in the world's poorest countries if they have no other efficient or economical alternative for their energy needs. For richer countries, it would only support coal plants that deploy carbon capture and sequestration,...

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