You are here

Coal fuels emerging markets, European popularity declines

Greater efforts in Europe to reduce output of greenhouse gases while emerging markets rely heavily on coal

Norway's parliament has voted to force its sovereign wealth fund - the world's biggest - to pull out of firms that are heavily involved with coal.


COMPANIES, banks and investment funds, primarily European, have been coming out in recent weeks with announcements that they will halt investments in coal, a new front in efforts to reduce use of the highly polluting fuel that faces a battle against the hunger for power in emerging