From article:
As capital markets rebound from the global financial crisis, analysts expect that MDB loans for coal-fired power plants will remain few and far between for the foreseeable future.
“Every few years, there might be one coal project in one of the MDBs,” Scott Morris, senior fellow at the Center for Global Development, predicted. “They’ve basically said that only when we’re satisfied with these pretty strict standards will we move forward. That, in practice, means we won’t see many of these.”
Private finance for coal has long dwarfed that of the MDBs and the gap seems to have widened since the MDBs began to roll out more rigorous coal financing policies. In 2013, commercial banks alone financed a record $88 billion in coal projects worldwide. Coming off the Paris talks, many of the world’s largest private banks have also pledged to cut back on financing for coal.
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