World Bank lenders must aid countries to manage shift away from coal

The World Bank and other global development lenders and other financial institutions must help countries such as India to finance the shift of their coal production to more efficient technologies so they can meet their COP21 commitments said by Benjamin Sporton, World Coal Association Chief Executive .The World Bank should not support coal based power plant. Instead of Coal Power Plant

Super critical plants and ultra super critical plants (USC) substantially reduce carbon dioxide emissions and virtually eliminate particulate matter emissions.

iii. India now push towards renewable energy like wind energy, solar Energy to lowering the share of coal in the overall energy contribution.

INDC :

♦ The Intended Nationally Determined Contributions(INDC) submitted by 19 countries include India. India’s INDC is balanced and comprehensive.

♦ Switzerland became the first nation to submit its INDC to reduce greenhouse gas emissions in 2015.

World Bank lenders must aid countries to manage shift away from coal