Global investment in coal tumbles by 75% in three years, as lenders lose appetite for fossil fuel

by Harry Cockburn, Independent

Since it powered us into the industrial revolution, coal-fired energy has become the single biggest driver of man-made climate change and its use across the world is still increasing.

But while dependence on coal remains high, with coal-fired power plants currently fuelling around 38 per cent of global electricity, a new report indicates the demise of coal is already well underway.

The International Energy Agency’s new world investment report released this week, reveals the companies funding coal-fired power stations appear to be making significant recalculations about the long-term viability of these plants.

Read more: https://www.independent.co.uk/environment/coal-power-investment-climate-change-asia-china-india-iea-report-a8914866.html

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