A former UN climate chief defended the use of climate finance for coal, in an exclusive interview with RTCC on Saturday.
Yvo de Boer, now head of the Global Green Growth Institute, also declined to back the growing fossil fuel divestment movement.
He argued that “a proper price on carbon” was a better way of tackling climate change than “declaring war” on a particular technology or fuel.
Coal will be a “necessary part of the energy mix for decades to come,” de Boer said on the sidelines of a sustainable cities conference in Seoul.
The polluting but cheap fuel is a “logical choice” for emerging economies like India, China and South Africa. […]
De Boer suggested that climate finance bodies could make sure new coal plants were built to the highest efficiency standards.
Indeed, Japan justified its use of climate finance for coal by saying it had used cleaner technology than would otherwise have been the case.
“I think the Green Climate Fund should be investing primarily in renewables, in energy efficiency, in modern transport technology,” said de Boer.
“But at the same time I am not sure you can solve the climate challenge by declaring war on certain technologies or certain energy carriers.”