European Investment Bank ends rumours of finance for new coal power plant in Greece

WWF-Greece and seven municipalities will oppose several coal-fired power plant projects.  / ©: WWF-Greece
WWF-Greece and seven municipalities will oppose several coal-fired power plant projects.
© WWF-Greece
The European Investment Bank (EIB) will not provide support for the proposed Ptolemaida-5 lignite power plant project in Greece, despite claims made by the Public Power Corporation of Greece (PPC SA).

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WWF: EBRD commits to step away from coal

 / ©: AFP
Coal mining
© AFP
On 10 December, WWF welcomed the move by the European Bank for Reconstruction and Development (EBRD) [1] to adopt measures which, if implemented properly [2] should phase out its financial support of coal plants and promote increased investments in renewable energy and energy savings.

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World’s largest public financial institution commits to phase out funding for coal power plants

 / ©: WWF-Canon / Edward Parker
U narednih nekoliko mjeseci, WWF će pažljivo promatrati primjenu nove politike Europske banke za rekonstrukciju i razvoj, kako bi utvrdili provodi li uistinu Banka nove mjere
© WWF-Canon / Edward Parker
WWF has given a cautious welcome to the move on 23 July by the European Investment Bank, the world’s largest public financial institution, to adopt measures which, if implemented properly, should phase out its support for coal and lignite power plants.
WWF said that it was now time for other financial institutions to follow their lead and shape the world’s shift to sustainable energy sources.

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 / ©: WWF
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