EBRD Board to Scrap Finance for Most Coal Power Plants

EBRD Board to Scrap Finance for Most Coal Power Plants

Freya Ingrid Morales/Bloomberg

Dong Energy's Avedore 1, a coal-fired CHP power plant at the company's Avedoerevaerket site in Hvidore, Denmark, on Oct. 15, 2013. A movement by development banks to end coal funding increases funds available for renewables.