U.S., Europe Seek to End Export Financing for Coal

PARIS—The U.S., the European Union, South Korea and different rich nations are shifting to forbid their export-financing companies from supporting coal-fired energy tasks abroad, in an effort to finish authorities assist for a gasoline that is without doubt one of the world’s largest sources of greenhouse gases.

The proposed ban, which can be made this week on the Group for Financial Cooperation and Growth, is a part of the West’s marketing campaign to push China, India and different large creating nations to take a tough position against coal forward of the November local weather summit in Glasgow, Scotland. China and India have resisted entreaties by the U.S. and Europe to commit to finish subsidies for coal-fired electrical energy, elevating fears that impasse over the problem might consequence within the collapse of local weather negotiations in Glasgow. | U.S., Europe Search to Finish Export Financing for Coal


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