26 February 2019

The coal break-up

How financial institutionsarephasing-out support to European coal utilities

The publicly available no-coal policies by financial actors have grown in number over time: most of the leading European investors, insurers and banks now have policy guidelines either conditioning or restricting their support to the coal sector.

No-coal policies have also become increasingly sophisticated: while initially they only covered certain coal projects or coal companies, they now affect virtually all companies active in the coal value chain. The first coal policies were adopted by banksin 2010, and initially focused on reducing support to the building of new coal infrastructure. They later moved on to reduce corporate finance support for coal.

In this briefing, the Europe Beyond Coal Campaign has identified key power utilities in Europe that need an urgent transformation: ČEZ, Engie, Enel/Endesa, EUAS, Fortum/Uniper, PGE and RWE. Together, the companies account for almost half of the EU’s operating coal fleet, and some have plans to further expand their coal activities

READ FULL BRIEFING
Read also
BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

11 April 2019

The bank UniCredit is one of the last ones in the EU that is still involved in providing loans to many European energy companies that mine or burn coal.

BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

03 March 2021

Many national governments have stated their intention to phase-out coal. Currently 15 European countries have announced their intention to exit coal. Three of these, Belgium, Austria and Sweden have now become coal power free. Of the 15 that have announced their intention to exit coal, Germany is the only country that wants to exit after 2030.

BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

15 July 2019

Every region and every community is different. EU countries wake up to the climate emergency and the need for a swift transition to a sustainable society.

BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

07 February 2020

EÜAŞ (Electricity Generation Company) founded in 2001. This briefing summarises the electricty production of EÜAŞ in Turkey.