Banks slow to limit coal financing: NGO

Frankfurt, Germany (AFP) May 2, 2024

Banks lent almost $470 billion to the coal industry between 2021 and 2023, according to a study published Thursday by German environmental group Urgewald, which criticised the scale of financing amid rising global temperatures. Of the 638 banks surveyed, only 140 - or about one in five - had significantly reduced their exposure to the coal sector since 2016, the report found. Some 75