Study: Export funding drives coal financing abroad

Funding for the export industry is a crucial driver of public loans for new coal-fired power plants in the Global South. This is the finding of a newly published study led by the Berlin-based Mercator Research Institute on Global Commons and Climate Change (MCC) in the journal Environmental Research Letters. Financing by public banks, especially from China, Japan and South Korea, is often crucial for the construction of new coal-fired power plants in the Global South.