Just two weeks before the Paris climate talks commence, representatives from 34 of the world’s developed and major economies reached a compromise to phase out public financing that supports the construction of new coal power plants around the world. Starting in 2017, the Organization for Economic Cooperation and Development (OECD) announced its members, which includes most of Europe, the U.S. and Japan, will stop providing export credit support for new coal-fired power plants. However, the compromise does allow plants to be built if the most efficient technology is used or in the poorest countries with no viable alternatives. Perhaps it won’t completely halt the construction of new coal plants, but its seen as major step forward to help redirect financing towards renewable energy.
OECD countries agree to restrict financing for overseas coal power plants
More of Today's Solutions
Scotland becomes first UK nation to mandate swift bricks in all new homes
BY THE OPTIMIST DAILY EDITORIAL TEAM In a landmark win for wildlife lovers and conservationists, Scotland will now require swift bricks to be installed ...
Read MoreBoost serotonin levels to lower stress and improve your mood, naturally!
BY THE OPTIMIST DAILY EDITORIAL TEAM Keeping up the pace in this hectic world is hard, so it's no wonder we often find ourselves ...
Read MoreNew study identifies mosquitoes’ favorite colors to feast on
While many of us look forward to the warmth spring brings each year, there’s another aspect of the hotter seasons that is not so ...
Read MoreThis simple tip will increase the gut health benefits of the probiotic foods ...
For those of us who crave the tangy delights of probiotic foods like kimchi, sauerkraut, and kombucha, the mere thought can set our taste ...
Read More
