by Spoiler | Mar 30, 2021 | Financial System
Insurance companies also play an important role in the financing structure of the value chain around hard coal. In the debate on the climate crisis they are often regarded as ‘saviours’, as they insure against financial losses caused by extreme weather events. But...
by Spoiler | Mar 30, 2021 | Financial System
Many European governments continue to support and subsidise coal mining through a number of different mechanisms. They include subsidies for capacity mechanisms that are meant to guarantee security of energy supply when needed, in return for additional payments to...
by Spoiler | Mar 30, 2021 | False Solutions, Financial System
Bettercoal – founded by RWE, Eon, Vattenfall, Électricité de France, GDF Suez, ENEL, and Dong Energy in 2012 – is an initiative of several European energy companies which has set itself the supposed goal of a responsible global coal supply chain through guidelines for...
by Spoiler | Mar 30, 2021 | False Solutions
When confronted with critiques of the true cost of coal, the coal industry and their friends in governments often refer to technological advances that allow for emission reductions, compensatory activities (so-called offsets) like tree planting, or investments in...
by Spoiler | Mar 30, 2021 | False Solutions
Big industry tries everything to save their CO2-intensive way of production. One false solution it offers is Carbon Capturing and Storage (CCS). The theory is that at facilities producing a lot of CO2, like fossilfuelled power plants or cement factories, the...
