Supported by the United States, France will propose at the COP28 climate summit in Dubai an exit of private financing for coal-fired power plants, Reuters reported on Tuesday, citing sources with knowledge of the talks. According to Indian officials who spoke to Reuters, France has discussed with India – a large coal consumer – a plan for private banks and insurers to phase out funding for coal plants under the so-called ‘New Coal Exclusion Policy’. India and China are opposed to any halt of financing to coal, on…
