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WWF Welcomes UK Decision to Limit Funding of Coal Power Plants

In response to today’s comments by UK secretary of state for energy and climate change Ed Davey about the UK’s decision to join with the US in limiting the financing of coal-fired power plants overseas except in rare circumstances, World Wildlife Fund (WWF) issued the following statement from Lou Leonard, vice president, climate change:

"The UK's decision to limit the financing of dirty coal-fired power plants shows that the age of coal is coming to an end. The US and the UK's decision to cut taxpayer funding of coal will go a long way to protect communities and accelerate the needed transition to renewable energy sources.

“Although King Coal is dying, we still need the US government, and governments around the world, to shift funding to clean and safe sources of energy like solar power.

“In 2012 and in 2013, humans emitted the largest amount of carbon pollution in history. Emissions are now 60% higher than when the UN climate talks began over two decades ago. Like a bathtub filled to the brim, we can’t just slow how fast we are turning the tap up, we need to start turning it down. Emissions are still going up and they need to come down if we are to reduce the risks to communities from the Philippines to Philadelphia of climate-related super-storms.

“Despite a clear lack of urgency from governments to rein in emissions here at the UN climate talks in Warsaw, emissions do not have to grow indefinitely. Renewable energy and efficiency not only save the global economy billions, but also offer the path to a safer future.”