A Europe-based Development Fund To End Funding Fossil Fuels Project by 2030

November 08, 2020 08:08 AM AEDT
Team Kalkine

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A consortium of Europe-based Development Finance Institutions (DFIs) plans to put a halt on lending to fossil fuel projects – as reported by Thomson Reuters.

The group, which manages ~ USD 50 billion would put the funding for fossil fuel to an end by the end of the year 2030.
Furthermore, the group would also ensure that all of its investment portfolios achieve a net-neutrality by 2050.

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