Abridged press release – urgewald, Reclaim Finance and 40+ partner organizations
Berlin, Paris, 7th October – Three weeks before the start of the UN Climate Summit in Glasgow, Urgewald and 40 partner NGOs, including Reclaim Finance, have released the 2021 update of the “Global Coal Exit List” (GCEL). The GCEL provides detailed data on 1,030 companies and around 1,800 subsidiaries operating along the thermal coal value chain. It is the world’s most comprehensive public database on the coal industry. While some financial actors ask clients for a coal exit plan, Reclaim Finance and Urgewald have shared a list of 10 criteria to take into account when evaluating these plans.