Coal-fired power plants: EU endorses new OECD rules on export credits
EU News 352/2015
New rules on export credits to coal-fired power plants, developed within an OECD framework, have been endorsed by the EU.
This is an important EU contribution for the COP21 negotiations on climate change, which start in Paris on 30 November 2015. It marks a further step in work ongoing since 2012 in aligning export credit policies with climate change objectives.
The participants to an arrangement on officially supported export credits agreed a sector understanding on coal-fired electricity generation projects on 17 November 2015. The Council endorsed the EU's position on 26 November 2015, thus allowing the EU formally to join the consensus on the new rules.
Source and additional information: