Climate change: China trails global financial firms in committing to end investments in coal projects, study shows

The number of financial institutions globally that have committed to coal divestments has doubled in the past three years, but it remains negligible in China, according to a new study.

While more than 200 “globally significant” companies now have formal policies restricting investment in coal mining or coal-fired power projects, just three financial institutions from China have established a formal coal policy, the Institute for Energy Economics and Financial Analysis (IEEFA) said in its “200 and Counting: Global Financial Institutions are Exiting Coal” report on Thursday.