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New US Guidelines on Overseas Coal Project Financing: Good Aspects, Missed Chances
The Energy Collective: The U.S. released new guidelines that direct how the U.S. will vote on coal projects proposed by development banks such as the World Bank, European Bank for Reconstruction and Development, and the Asian Development Bank. Over the past 5 years these development banks have financed almost $13 billion in coal projects, including some of the world’s largest coal plants. These new guidelines are very important both in terms of real projects and the signal that they send to other financial institutions. They are a big deal.
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