Perspective
17 October 2016
ECAs and NGOs clash over UN’s Green Climate Fund
In:
Metals and Mining, Power
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe
The UN’s Green Climate Fund (GCF) has been urged by a letter from 92 NGOs to blacklist coal-funding ECAs from its funds. However, one market observer says ECAs should not be punished for their past endeavours, especially since adhering to the OECD’s new guidelines on only backing high-efficiency technologies.
