Reducing the carbon emission of coal fuel: the "Green function" of the World Bank

　　A programme of action

　　·In the coming decades, coal will play an important role in the global energy structure. This is particularly true in developing and emerging economies in Asia and Africa, where coal is essential to enhance energy security, support energy access and generous household development

　　·At present, 492 GW of new coal-fired power plants are in decision-making or under construction, most of which are used in developing and emerging economies. Given that these plants have a life span of at least 30 years, many of them are expected to remain in good operation in the 1950s and beyond.

　　·The Paris Agreement and the 2030 agenda for sustainable development are the pillars of global energy and climate change action. The approach taken to implement the two agreements must combine situational protection measures with the goals of universal access to energy, energy security and social and economic development.

　　·As the national contribution (NDCS) of the Paris agreement demonstrates, each country will choose the energy structure that best meets its needs. For this reason, many countries have identified coal as a sustainable energy source. These countries have also identified the need for low emission technologies to help them achieve integrated climate and development goals.

　　·It is expected that the application of coal will continue to grow in the next few decades. If we want to achieve the global natural color goal, the way to achieve zero emission of coal is very important

　　The first is the highly efficient and low emission (hele) coal-fired power plant equipped with today's commercial emission control technology; the resulting carbon capture, utilization and storage technology (CCUs) needs more support to accelerate its installation

　　·The transformation from subcritical technology will require the support of international capital, technology and other aspects to accelerate the installation of coal-fired low emission technology. This can be solved by international development banks (MDBs), such as national banks, adopting new coal financing methods.

　　This method should include:

　　Support the change to the current good efficient and low emission technology

　　The construction of the most suitable hele coal-fired power plant and the adoption of current emission control technology will help to implement the "Paris Agreement" promised by one country under the condition of "national contribution".

　　Where feasible, the participation of national banks or other international development banks in financing such projects should help to incorporate the CCUs perspective into the plant's decision-making

　　Help to realize zero emission of coal fuel

　　The government alliance with related countries supports the development strategy of CCUs technology as a unilateral decision-making of "Paris Agreement" which is the evidence of the country

　　Coal will play an ongoing role in providing services and infrastructure

　　Coal is very important for the development of today's and sustainable society. In many economies, it plays an important role in providing affordable, reliable electricity to billions of people. It also plays an important role in the production of steel, cement, glass and many other energy intensive raw materials, which are essential for the development of transport, energy, housing and water management infrastructure.

　　Utility monuments and power producers need to fund projects at the lowest possible cost to build energy infrastructure, such as power plants and grids, and provide electricity at a reasonable price. But in less developed economies, move forward

　　As the capital situation in the interior tends to be about unable to support the ongoing financing required for energy infrastructure investment, financing is about to pose a huge challenge. Few international financial institutions, such as multilateral development banks, have been set up to meet these challenges and to be generous with the growth of emerging economies.

　　The National Bank Group (WBG) is the most important multilateral development bank, which plays an important role in risk allocation and private financing mobilization.

　　In 2013, the board of directors of the National Bank Group agreed to adopt a new energy strategy to limit financial support for coal-fired power plants to "rare and exceptional circumstances". It is true that multilateral development banks have only made relatively small contributions to overall coal funding in the past,

　　The participation of MDB will play an important role in the feasibility of the project. Otherwise, commercial banks will be burdened with risks alone. The participation of WBG will provide certain comfort for other lenders. In view of its influence and leadership, the WBG style policy has been adopted by the broader financial community, especially the European and US commercial banks with few elements.

　　The introduction of these measures seems to differ from the expected role of coal-fired power generation in many developing and emerging countries. According to the analysis of third-party sources, in 2018, the global coal capacity under construction or development is 492 GW, which is opposite to 2 TW in operation

　　Coal will continue to be a joint driver of development, and will continue to be one of the preferred fuels for rapid urbanization and domestic economies. To explain this role, the multilateral development bank led by the National Bank Group should

——Author：ebico