Finance française : tourner la page du charbon

The document asserts that despite early commitments in 2019, French financial actors continue to support coal companies, undermining France's international climate leadership. It highlights that between 2021 and 2023, the four largest French banks financed 26 problematic coal companies. The author argues that voluntary policies are insufficient and calls for a mandatory regulatory framework with clear definitions of excluded companies and deterrent sanctions to ensure a complete exit from both thermal and metallurgical coal.

• French financial institutions have not fully implemented their coal exit commitments, with the four largest French banks providing financing to 26 problematic coal companies between 2021 and 2023.
• The current failure to exit coal is attributed to a lack of common definitions for excluded companies, a lack of regulatory constraints, and a focus on thermal coal that ignores metallurgical coal, which accounts for 13% of global coal production.
• The document argues that only a legislative approach combining strict prohibitions, binding obligations, and deterrent sanctions can guarantee an effective exit from coal by French finance.
• Coal remains a primary driver of energy-sector CO2 emissions, accounting for 73.22% of emissions from electricity and heating globally in 2022.

APA

Martin, L. (2024). Finance française : tourner la page du charbon. Reclaim Finance. https://reclaimfinance.org/site/2024/10/17/finance-francaise-tourner-la-page-du-charbon/

Chicago

Martin, Léo. Finance française : tourner la page du charbon. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/10/17/finance-francaise-tourner-la-page-du-charbon/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Finance française : tourner la page du charbon |publisher=Reclaim Finance |date=17 October 2024 |url=https://reclaimfinance.org/site/2024/10/17/finance-francaise-tourner-la-page-du-charbon/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2024finance, author = {Martin, Léo}, title = {{Finance française : tourner la page du charbon}}, publisher = {Reclaim Finance}, year = {2024}, month = oct, url = {https://reclaimfinance.org/site/2024/10/17/finance-francaise-tourner-la-page-du-charbon/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }