Tootfinder

"Why the world’s most ambitious coal phase‑out deal has failed – and what it means for climate finance"
#FossilFuels #Coal #Climate

Why the world’s most ambitious coal phase-out deal has failed – and what it means for climate finance
The $20 billion climate flop: a flagship plan to phase out coal in Indonesia hasn’t shut a single power plant.

The world’s largest banks
committed💥 $906 billion
in financing to the fossil fuel industry last year,
-- an “unfathomable” increase in investment
locking in years more of #coal, #oil and #gas production
as the world …