Bank of England to stop accepting bonds linked to coal for key loans
Originally published on Jul 19
The Bank of England will stop accepting bonds linked to thermal coal as collateral for loans to commercial banks, a policy taking effect in October. The move reflects concerns that coal assets face financial risks as the economy shifts toward net zero, and represents a stricter stance than most other major central banks have adopted. Climate campaigners view it as a significant signal, though some suggest the policy could extend further to cover other harmful activities.
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