It is becoming ever more apparent that if the proposed new Rampal coal plant is a ‘dream project' for India, then as currently conceived it stands to become a nightmare for Bangladesh warns GREIG AITKEN
As COP21 reaches its endgame, there are plans to build 2,440 coal-fired power plants around the world, write Mowdud Rahman & Greig Aitken. Their completion would send global temperatures, and sea levels, soaring. Yet Bangladesh, the world's most 'climate vulnerable' large country, has plans for a 1.3GW coal power plant on the fringes of its World Heritage coastal wetlands.
There's one big thing that Britain's biggest banks could do to reclaim their grievously impaired reputations, writes Greig Aitken: commit to stop investing in coal projects. As well as reducing climate change and local environmental impacts, it would also 'de-risk' their balance sheets as the global tide, from the US to China, turns against the dirty, carbon-heavy fuel.
