ESG and Of Interest News
IMF Working Paper-Following the Money: Who is Keeping Coal Alive?
November 1, 2024--Summary |
| We find that coal financing is becoming increasingly concentrated, partly in banks with a very high coal exposure. We also find that many coal loans have maturities much shorter than the remaining lifetime of coal assets, thus exposing equity holders of coal assets to the risk of a more difficult loan rollover. An econometric analysis shows that countries with a strong commitment to coal phase-out, fixed in national law for example, receive less coal financing. Using an instrumental variable, we identify this effect as causal. |
Joint report explores scope for co-ordinated approaches on climate action, carbon pricing, and policy spilloversOctober 23, 2024--Five international organisations today released a landmark report that outlines pathways for co, ordinated approaches on climate action, carbon pricing, and the cross, border effects of climate change mitigation policies with a view to achieving global climate goals. |