-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
The German government-owned German Bank for Reconstruction and Development (B&D) KfW has announced that it will stop financing
all coal-related business activities.
KfW Group's new "negative list" rejects funding for "exploration, exploration and mining of coal" and related infrastructure primarily for coal, including power plants, heating stations and cogeneration facilities.
KfW also revealed that the goal of the new policy is to reduce the share of coal power in the relevant grid and stop financing
coal-related projects.
Environmental group NGO Urgewald said it welcomed
KfW's new policy.
Previously, KfW only ruled out financing
for new coal plants.
But the decision was made after "years of hesitation," while comparable institutions in France, the Netherlands and Switzerland stopped financing
coal as early as 2013.
"Sadly, KfW has once again missed the opportunity to
play a leading role in public banking.
It should use its new energy rules to start phasing out other fossil fuels," Urgewald said
.
The German government-owned German Bank for Reconstruction and Development (B&D) KfW has announced that it will stop financing
all coal-related business activities.
KfW Group's new "negative list" rejects funding for "exploration, exploration and mining of coal" and related infrastructure primarily for coal, including power plants, heating stations and cogeneration facilities.
KfW also revealed that the goal of the new policy is to reduce the share of coal power in the relevant grid and stop financing
coal-related projects.
Environmental group NGO Urgewald said it welcomed
KfW's new policy.
Previously, KfW only ruled out financing
for new coal plants.
But the decision was made after "years of hesitation," while comparable institutions in France, the Netherlands and Switzerland stopped financing
coal as early as 2013.
"Sadly, KfW has once again missed the opportunity to
play a leading role in public banking.
It should use its new energy rules to start phasing out other fossil fuels," Urgewald said
.
