Influential institutions look to wind down coal activities

Influential institutions look to wind down coal activities

Some international lenders, funds, and insurers are joining a growing list of financial institutions across the globe retreating from coal-fired power plants, particularly projects in Vietnam and other Asian nations, as concerns grow over the role that fossil fuels play in exacerbating the adverse impacts of climate change.
Coal-fired schemes on ice

Coal-fired schemes on ice

The doors for coal-fired power projects in Vietnam are narrowing shut as international institutions and banks tighten financing and even exit coal-fired ventures, piling pressure on the country to create reasonable power sources for Vietnam’s future energy mix.