Bank rules out funding ‘conventional coal-fired power plants’ that attain not employ proven technologies to significantly reduce emissionsANZ bank has pledged not to finance traditional coalmining projects and to provide at least $10bn in funding for renewable energy,reforestation and energy efficiency.
In the most significant steps yet by one of Australia’s enormous four banks on climate change, ANZ said its new policies would back a “gradual and orderly transition” from fossil fuels to clean energy such as solar and wind. Related: Standard Chartered quits controversial Carmichael coalmine in Queensland Related: Zombie koalas protest at ANZ bank over funding of Whitehaven coalmine Continue reading...
Source: theguardian.com