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US and Japan to announce deal curbing coal financing

2015-10-28 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: The Obama administration has crafted a deal with Japan to restrict financing for overseas coal projects, several sources told ClimateWire. The agreement is aimed at influencing other members of the Organisation for Economic Co-operation and Development (OECD), which will meet next month in Paris for a contentious decision over setting common rules to phase out coal financing for export credit agencies. Yet other OECD countries have not yet signed onto the deal, which could curtail 80 percent...

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