IMF paper tracks banks that are ‘keeping coal alive’
Pull-back of many lenders is leaving concentrated exposures and roll-over risk
New research by the International Monetary Fund (IMF) seeks to identify the banks providing the most lending to coal companies.
The report by Gregor Schwerhoff and Mouhamadou Sy notes that there is a risk for lenders and investors that governments will crack down on the use of the polluting energy source. Some banks may therefore refuse to roll over credit, which could leave assets “stranded”.
Based on data from the Global Coal Exit List, the authors find banks are already pulling back from the
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