The European Bank for Reconstruction and Development (EBRD) has dropped its support for coal. The World Bank signaled an intent to pivot away from coal in 2013 but continued work on a project in Kosovo that was only recently shelved. Like most major European nations, the EBRD’s new energy strategy also includes ample investment in natural gas plants as an alternative to delivering large, centralized power generation capacity. It’s support for gas, however, will only happen “where it is consistent with a low-carbon transition that is both secure and affordable”.
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