The Coal Policy Tool is made to enable clients, media, financial institutions, and other stakeholders to easily understand the essentials of each policy and compare insurers, banks, asset owners and asset managers policies, across categories and geographies. The Coal Policy Tool makes navigating the “policy jungle” easy.
The tool is not just about counting and comparing total policies. Its main goal is to encourage high-quality coal policies. As banks, insurers and investors consider new policies or seek to revise older policies, understanding the details of these policies is critical to ensure they deliver on the Paris Agreement goal to limit global warming to a maximum of 1.5°C above pre-industrial levels.
In a simple visual way, the Coal Policy Tool provides an answer to the key question: Will this policy help us stay within the 1.5°C limit? Thanks to a detailed scoring and analysis, it shows what each policy is missing and which next steps each financial institution should focus on.
Reclaim Finance will develop dedicated tools to assess and support the adoption of robust oil and gas exit policies by financial institutions. High-quality coal exit policies are just the beginning towards a fossil-free future.