Investments in Coal Plummet by 75% in Three Years as Lenders Diversify Portfolios

A report published by the International Energy Agency provides evidence of the early stages of an exodus from fossil fuel investment, as the companies funding coal-fired power stations show signs of diversifying their portfolio away from fossil fuels. There is an evident decline in the Final Investment Decisions (FIDs) for coal plants, 75 per cent in the past three years, according to the IEA. You can access the IEA’s report here, but keep in mind that the IEA requires a subscription to access its reports in full The report outlines that for the first time in recorded history, more coal power stations came offline than were approved for construction. The IEA estimates that for the first time

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