Published: February 28, 2019
Green finance experts say Australia is out of step with World Bank, Europe and the US, which are using funding to combat global warming
Australia is the only developed country that allows climate change funding to be used to upgrade coal-fired power plants, green finance experts say.
Experts say allowing Vales Point coal-fired power station to register with the Morrison government’s emissions reduction fund, rebadged this week as a “climate solutions” policy, puts Australia out of step with the World Bank, Europe and the US, which have all rejected using climate financing for coal power retrofits.
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