Foreclosing the Future: Coal, Climate and International Public Finance (report)

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Foreclosing the Future: Coal, Climate and International Public Finance is a report by Bruce Rich from the U.S.-based environmental group Environmental Defense Fund.

The key finding of the report was that since 1994 the World Bank and other mulitlateral development banks and export credit agencies have financed the construction or expansion of 88 coal-fired power plants. "These plants will generate roughly 791 million tons of CO2 emissions per year, or more than 75% of the current emissions for coal-fired power in the entire European Union," the report states.

Coal-fired power stations identified as having been funded by the development banks

Bulgaria

• Maritza East 1 power station, Bulgaria
• Maritza East 3 power station, Bulgaria

China

• Baima power station, China
• Bengbu City power station, China
• Dezhou power station, China
• Green Energy power station, China
• Huaneng Dalian power station, China
• Huangen Fuzhou power station, China
• Huaneng Nantong power station, China
• Huaneng Dandong power station, China
• Leiyang power station, China
• Ligang power station, China
• Meizhou Wan power station, China
• Qinbei power station, China
• Qitaihe power station, China
• Shiheng-2 power station, China
• Tianjin power station, China
• Tuoketuo-1 power station, China
• Waigaoqiao power station, China
• Yangcheng power station, China
• Yangzhou-2 power station, China
• Yuzhou power station, China

Chile

• Central Termoelectrica Andino power station, Chile

Colombia

• Tasajero power station, Colombia

Czech Republic

• Kladno power station, Czech Republic

Germany

• Rheinhafen Power Station, Germany
• Schkopau II power station, Germany
• Schwarze Pumpe power station, Germany
• Walsum 10 Power Station, Germany

Guatelmala

• Planta Arizona power station, Guatelmala

India

• Barh power station, India
• Bhilai Works power station, India
• Ib Valley power station, India
• Kahalgaon power station, India
• Krishnapatnam Ultra Mega Power Project, India
• Krishnapatnam power station, India
• Mumbai Jindal power station, India
• Mundra Ultra Mega Power Project, India
• Pathadi power station, India
• Simhadri power station, India
• Sipat power station, India

Indonesia

• Bangko Tengah power station, Indonesia
• Banjarsari power station, Indonesia
• Indramayu power station, Indonesia
• Tanjung Jati B power station, Indonesia
• Paiton I power station, Indonesia
• Paiton II power station, Indonesia
• Purwakarta Indorama power station, Indonesia
• Plant in South Kalimantan, Indonesia
• Rembang power station, Indonesia
• Tarahan power station, Indonesia

Kazakhstan

• Karaganda power station, Kazakhstan
• Pavlodar CCL power station, Kazakhstan

Malaysia

• Manjung power station, Malaysia

Mexico

• Petacalco power station, Mexico

Morocco

• Jorf Lasfar power station, Morocco

Philippines

• Calaca power station, Philippines
• Masinloc power station, Philippines
• Mindanao Steag power station, Philippines
• Pagbilao power station, Philippines
• Quezon power station, Philippines
• Sual power station, Philippines

Poland

• Belchatow 2 Power Station, Poland
• Patnow II power station, Poland
• Swiecie Pulp Mill power station, Poland
• Turow power station, Poland

Romania

• Paroseni power station, Romania

Slovakia

• Vojany power station, Slovakia

Slovenia

• Sostanj power station, Slovenia

South Africa

• Arnot power station, South Africa
• Kelvin power station, South Africa
• Kusile Power Station), South Africa
• Medupi power station, South Africa

Turkey

• Afsin-Elbistan A power station, Turkey
• Afsin-Elbistan B power station, Turkey

Thailand

• Map Ta Phut BLCP power station, Thailand

Ukraine

• Starobeshev power station, Ukraine

Vietnam

• An Hoa power station, Vietnam
• Cam Pha power station, Vietnam
• Hai Phong Thermal power station, Vietnam
• Long Phu-1 power station, Vietnam
• Mao Khe-1 power station, Vietnam
• Mao Khe-2 power station, Vietnam
• Mong Duong 1 power station, Vietnam
• Mong Duong 2 power station, Vietnam
• Nong Son power station, Vietnam
• Son Dong power station, Vietnam

Multilateral and export credit agencies funding coal projects

In his report, Rich identifies the banks and export credit agencies which have contributed to funding the projects above as having included the:

• Japan Bank for International Cooperation (JBIC)
• World Bank Group (IBRD/IDA/IFC/MIGA) **
• Asian Development Bank (ADB)
• US Export-Import Bank
• European Investment Bank (EIB)
• Nippon Export and Investment Insurance (NEXI)
• Kreditanstalt für Wiederaufbau (KfW)
• China Development Bank
• Euler Hermes
• European Bank for Reconstruction and Development (EBRD)
• Servizi Assicurativi del Commercio Estero (SACE)
• Export-Import Bank of Korea (Kexim)
• Overseas Private Investment Corporation (OPIC)
• Export Credits Guarantee Department (ECGD)
• China Exim Bank
• Sinosure
• African Development Bank (AfDB)
• Compagnie Francaise d'Assurance pour le Commerce Exterieur (COFACE)
• Bank of China
• Korea Export Insurance Corporation (KEIC)
• Nordic Investment Bank (NIB)
• Garanti-instituttet for eksportkreditt (GIEK)
• CESCE
• Export Development Canada (EDC)
• Black Sea Trade and Development Bank (BSTDB)
• Geschäftsstelle für die Exportrisikogarantie (ERG)
• Netherlands Development Finance Company (FMO)
• Deutsche Investitions- und Entwicklungsgesellschaft (DEG)
• Inter-American Development Bank (IDB / IADB)
• Commonwealth Development Corporation (CDC)

Articles and resources

Related SourceWatch articles

• Global use and production of coal
• International Information on Coal

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