GHG Monitor
2/13/2015
ON THE INTERNATIONAL FRONT
France announced late last week that it will withdraw export credit insurance for coal-fired power plants without carbon capture and storage abroad. The announcement comes ahead of the 21st Conference of the Parties of the U.N. Conference on Climate Change to be held in Paris in December, during which countries aim to develop a legally binding, universal climate policy. “France will do everything to reach an agreement in December in Paris. This agreement must of course be as ambitious as possible," Prime Minister Manuel Valls is quoted saying in a government press release. “With this in mind, we need to demonstrate that the country organising the COP21 is also able to make decisions in line with the aims of the Climate meeting. France will thus withdraw the export credit insurance for coal-fired power stations with no CO2 storage.”
