Written by Rassela Malinda December 17, 2019 was a gloomy day for villagers of Sepang Bay, Bengkulu. Their legal challenge against a coal-fired power plant was rejected. As a result, they remained not only evicted from their homes but without justice for the death of 28 local sea turtles who died on a beach, just
Healthcare centers in coal plants’ surrounding areas are already recording increases in heart diseases, strokes, lung diseases, skin problems, and cancers. In the small village of Ky Loi by the Vung Ang 1 coal power plant in central Vietnam, records from 2017 and 2018 documented 128 cases of heart disease and stroke and 14 cases of cancer.
Apart from being disproportionately ironic, Zimbabwe’s energy production politics is fast proving to be an ill-thought hazard to citizens’ foreseeable future, yet policymakers continue to cast a blind eye.
For now, the residents still cry foul. They may have managed to stop the coal project, but their suffering, pain, and anguish are too deep to be ignored further.
Calculations of climate risk should include not only stronger storms and rising seas, but also stronger movements and rising people.
Climate groups sound alarm as fossil fuel financing continues to rise even amidst the global economic downturn.
- Commercial banks providing more money to the coal industry since the Paris Agreement. - Japanese banks are top lenders, while China, Japan and India account for 70% of underwriting to coal companies. - US investors hold 58% of institutional investments in the coal industry, with Japan in second place.
In the age of climate breakdown, financing fossil fuel projects is unacceptable, and financiers like ICBC should lead the way and help accelerate the energy transition to a low-carbon economy. Renewable energy investments can be a major force in Turkey’s economic recovery, generating decent returns on investment while boosting employment opportunities.
The Save Lamu campaign learned that the Industrial and Commercial Bank of China (ICBC) has decided not to finance the Lamu Coal Plant anymore due to cited environmental and social risks associated with the project.