Emissions: World Bank and Bonds

emissions: The World Bank has issued US 13bn in green bonds since 2008 to stimulate spending to combat global warming, according to The Guardian. Rio Tinto gets 2m from emissions reduction fund to switch to diesel Read more China has used green bonds to help build new coal-fired plants to replace older, dirtier stations on the grounds it reduces nitrogen-based emissions causing the country's oppressive air pollution. Experts say allowing Vales Point coal-fired power station to register with the Morrison government's emissions reduction fund, rebadged this week as a climate solutions policy, puts Australia out of step with the World Bank, Europe and the US, which have all rejected using climate financing for coal power retrofits. But it announced in December it would no longer consider clean coal plants which still emit significant amounts of greenhouse gas investments in green technology. If you were committed to meeting the goals of the Paris climate agreement, which the Australian government says it is committed to, this is just lunacy, Kidney says. Sean Kidney, chief executive of the London-based Climate Bonds Initiative, says China's shift leaves Australia out on its own. (news.financializer.com). As reported in the news.