A report about the financial institutions risking our renewable energy future with coal
The COVID-19 pandemic has had great impacts on all aspects of society, in the energy industry, the economic shutdown has led to reductions in CO2 emissions.
Many thousands of Europeans are estimated to die early each year because of air pollution from coal power plants. Air pollution from these plants is linked with asthma, cancer, heart and lung ailments, neurological problems and other severe health impacts.
The coal industry is coming to the end of its life. This is good for people whose health is harmed by the pollution it creates, but bad for the workers and communities whose jobs are connected to it.
The mining and burning of coal pollute our air and water, damages ecosystems, destroys villages and productive agricultural land, and are driving the climate crisis.
Coal finance is dirty money. The industry is only able to survive because it externalizes the worst costs of its business, and in most cases can only continue to do this as it is on life support from financial institutions.