No Support for Coal

Curbing Coal

Curbing Coal

The vice-president of the European Investment Bank Jonathan Taylor recently reminded investors that the regulations of the bank exclude investing in traditional coal projects. CO2 emission have to meet standards as set out in the ‘Juncker plan’. “Projects have to meet emission standards. The maximum permissible limit is 550g CO2 / kWh,” Taylor said at a meeting with journalists. He added that the only possible exception to these regulations is so-called small energy islands, where other alternatives are not possible. The EIB does not rule out financing carbon sequestration projects among others (e.g. Carbon Capture and Storage, CCS). Carbon sequestration is the separation and capture of CO2 from the flue gas in order to reduce its emissions into the atmosphere.
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