Les banques commerciales du G7 soutiennent l’industrie mondiale du charbon
Summary
Between 2021 and 2023, commercial banks from G7 countries provided $101 billion to the coal industry, with US and Japanese banks leading the funding. The report highlights that this financing far exceeds the G7-led funding promised for Just Energy Transition Partnerships (JETPs) in developing nations. It criticizes the G7's goal of phasing out coal by the first half of the 2030s as insufficient to meet the 1.5°C warming limit and calls for strict capital requirements and bans on coal developers.
Key insights
- Commercial banks in G7 countries provided $101 billion to the coal industry between 2021 and 2023, contributing to a global total of $470 billion injected into the sector via loans and capital market issuances during the same period.
- US and Japanese banks are the primary drivers of G7 coal financing, collectively directing over $73 billion to the industry. US banks provided $49 billion between 2021 and 2023, while Japan's Mizuho is the world's largest coal financier, providing $500 million more in loans than Bank of America.
- The total coal financing from G7 commercial banks over the last three years is more than double the amount promised by the G7-led International Partners Group for Just Energy Transition Partnerships (JETPs) intended for developing countries.
- The G7's commitment to phase out coal by the first half of the 2030s is deemed inconsistent with the scientific timeline required to limit global warming to 1.5°C, and Japan is noted as the only G7 member without a national coal phase-out target.
Cite the original document
- APA
- Martin, L. (2024). Les banques commerciales du G7 soutiennent l’industrie mondiale du charbon. Reclaim Finance. https://reclaimfinance.org/site/2024/06/13/les-banques-commerciales-du-g7-soutiennent-lindustrie-mondiale-du-charbon/
- Chicago
- Martin, Léo. Les banques commerciales du G7 soutiennent l’industrie mondiale du charbon. Reclaim Finance, 2024. https://reclaimfinance.org/site/2024/06/13/les-banques-commerciales-du-g7-soutiennent-lindustrie-mondiale-du-charbon/.
- Wikipedia
- {{cite press release |last1=Martin |first1=Léo |title=Les banques commerciales du G7 soutiennent l’industrie mondiale du charbon |publisher=Reclaim Finance |date=13 June 2024 |url=https://reclaimfinance.org/site/2024/06/13/les-banques-commerciales-du-g7-soutiennent-lindustrie-mondiale-du-charbon/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{martin2024les, author = {Martin, Léo}, title = {{Les banques commerciales du G7 soutiennent l’industrie mondiale du charbon}}, publisher = {Reclaim Finance}, year = {2024}, month = jun, url = {https://reclaimfinance.org/site/2024/06/13/les-banques-commerciales-du-g7-soutiennent-lindustrie-mondiale-du-charbon/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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