{"id":5881,"date":"2020-09-08T15:38:37","date_gmt":"2020-09-08T13:38:37","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?page_id=5881"},"modified":"2022-09-27T14:48:16","modified_gmt":"2022-09-27T12:48:16","slug":"finance-soutient-charbon%e2%80%89","status":"publish","type":"page","link":"https:\/\/reclaimfinance.org\/site\/finance-soutient-charbon%e2%80%89\/","title":{"rendered":"Comment la finance soutient-elle le charbon\u2009?"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-parallax-none hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-equal-height-columns\" style=\"--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-bottom:0px;--awb-margin-top:0px;--awb-background-image:url(&quot;https:\/\/reclaimfinance.org\/site\/wp-content\/uploads\/2020\/03\/sortirEnergieFossiles.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:60px;margin-bottom:60px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-1 fusion-title-center fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;--awb-margin-bottom:50px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h1 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;letter-spacing:15px;--fontSize:30;line-height:1.4;\">COMMENT LA FINANCE SOUTIENT-ELLE LE CHARBON ?<\/h1><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:30px;margin-bottom:30px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:0px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:50px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: center;\" data-fusion-font=\"true\"><span style=\"color: #8ac56b; font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><b>Les banques commerciales, les soci\u00e9t\u00e9s d\u2019assurance et d\u2019investissement jouent un r\u00f4le essentiel dans la r\u00e9alisation de grands projets tels que les mines, centrales et infrastructures associ\u00e9es au secteur du charbon (telles que les voies ferr\u00e9es et terminaux d\u2019exportation), ainsi qu\u2019en permettant \u00e0 l\u2019industrie du charbon de fonctionner. Cette page d\u00e9crit les services financiers que chacun d\u2019entre eux fournit aux projets et aux entreprises de ce secteur.<\/b><\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:0px;--awb-margin-bottom:0px;--awb-background-color:rgba(255,255,255,0.06);--awb-flex-wrap:wrap;\" id=\"tolerancezero\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-section-separator section-separator bigtriangle fusion-section-separator-1\" style=\"--awb-spacer-height:99px;--awb-svg-margin-left:0;--awb-svg-margin-right:0;--awb-divider-height:99px;--awb-spacer-padding-top:inherit;--awb-sep-padding:0;--awb-svg-padding:0;\"><div class=\"fusion-section-separator-svg\"><svg class=\"fusion-big-triangle-candy\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" version=\"1.1\" width=\"100%\" height=\"100\" viewBox=\"0 0 100 100\" preserveAspectRatio=\"none\" fill=\"rgba(51,54,71,1)\"><path d=\"M-1 -1 L50 99 L101 -1 Z\"><\/path><\/svg><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-title title fusion-title-2 fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-margin-bottom:0px;--awb-margin-bottom-small:0px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:33;line-height:1.5;\">Financement d\u00e9di\u00e9 au niveau du projet<\/h2><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:40px;width:100%;max-width:200px;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-2\"><p style=\"text-align: justify;\"><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><b style=\"color: #8ac56b;\">Les projets de charbon ont un prix tr\u00e8s \u00e9lev\u00e9 et sont souvent financ\u00e9s par des montages financiers qui combinent \u00e0 la fois des capitaux propres et des capitaux d\u2019emprunt. Tous-deux sont rembours\u00e9s \u00e0 partir des flux de tr\u00e9sorerie g\u00e9n\u00e9r\u00e9s par le projet. <\/b><\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-weight: bold; color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\">Les fonds propres, qui constituent une part de propri\u00e9t\u00e9 du projet, sont fournis par des investisseurs <\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\">qui peuvent \u00eatre des soci\u00e9t\u00e9s du secteur ou des investisseurs institutionnels comme des fonds de pension.<\/span><\/li>\n<li style=\"text-align: justify;\"><b style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\">La dette est fournie par les banques commerciales, souvent r\u00e9unies en syndicat bancaire.<\/b><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><b>Le financement public est \u00e9galement tr\u00e8s courant dans le financement de projets.<\/b><\/span><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-weight: var(--body_typography-font-weight);\"> Des pr\u00eats de banques de d\u00e9veloppement ou des garanties par des agences de cr\u00e9dit \u00e0 l\u2019exportation r\u00e9duisent les risques financiers des projets et facilitent la participation d\u2019investisseurs et banques priv\u00e9s sur des march\u00e9s tr\u00e8s risqu\u00e9s.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: var(--body_typography-color); font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><span style=\"color: #8ac56b;\"><b>Les banques commerciales ne se contentent pas de financer le d\u00e9veloppement du secteur par le biais de financements de projets ou d\u2019autres types de financements d\u00e9di\u00e9s ; elles jouent \u00e9galement un r\u00f4le essentiel en s\u2019assurant que les projets soient assez solides pour attirer des investisseurs et banques. <\/b><\/span><span style=\"font-weight: var(--body_typography-font-weight);\">Par le biais de <\/span><b>mandats de conseil<\/b><span style=\"font-weight: var(--body_typography-font-weight);\"> d\u00e8s les premi\u00e8res \u00e9tapes, une ou deux banques sont g\u00e9n\u00e9ralement charg\u00e9es d\u2019accompagner l\u2019entreprise dans la structuration du projet et de son financement.<\/span><\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-7 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-sizes-top:0px;--awb-border-sizes-bottom:0px;--awb-border-sizes-left:0px;--awb-border-sizes-right:0px;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:0px;--awb-padding-bottom:0px;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-background-color:#ffffff;--awb-flex-wrap:wrap;\" id=\"sortieNow\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-8 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-section-separator section-separator triangle fusion-section-separator-2\" style=\"--awb-border-bottom:0px solid #3f4250;--awb-spacer-height:0px;--awb-svg-margin-left:0;--awb-svg-margin-right:0;--awb-icon-color:#ffffff;\"><div class=\"fusion-section-separator-svg\"><div class=\"divider-candy-arrow bottom\" style=\"top:0px;border-top-color: #3f4250;\"><\/div><div class=\"divider-candy bottom\" style=\"bottom:-20px;border-bottom:1px solid #3f4250;border-left:1px solid #3f4250;\"><\/div><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:50px;margin-bottom:50px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-9 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;--awb-margin-top:20px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-3 fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#333645;--awb-margin-bottom:0px;--awb-margin-bottom-small:0px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:33;line-height:1.5;\"><div style=\"text-align: center;\">Couverture d\u2019assurance au niveau du projet<\/div><\/h2><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:40px;width:100%;max-width:200px;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-3\"><p style=\"text-align: justify; color: #333645;\"><span style=\"color: #333645; font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><b>En plus du financement, les projets de charbon ont besoin d\u2019une assurance. Les mines, centrales et infrastructures li\u00e9es sont des projets intensifs en capitaux et sont expos\u00e9s \u00e0 de lourds risques physiques, techniques, juridiques, politiques et de gestion, ainsi qu\u2019au risque de d\u00e9faut de la part de parties li\u00e9es contractuellement aux projets. Rares sont les projets de ce type qui avanceraient sans une couverture d\u2019assurance quelconque, n\u00e9cessaire pour obtenir le financement du projet et obtenir les autorisations l\u00e9gales. Les assureurs jouent donc un r\u00f4le essentiel dans les nouveaux projets de charbon. <\/b><\/span><\/p>\n<p style=\"text-align: justify; color: #333645;\">Au-del\u00e0 de la couverture de la construction, la couverture des biens pour les projets d\u00e9j\u00e0 construits est n\u00e9cessaire, et les assureurs sont \u00e9galement essentiels pour permettre leur op\u00e9ration. La couverture peut \u00eatre fournie \u00e0 un projet, par le biais d\u2019une assurance autonome (\u00e9galement appel\u00e9e stand alone), ou \u00e0 plusieurs projets ensemble. Dans ce cas, les projets de charbon existants peuvent \u00eatre assur\u00e9s aux c\u00f4t\u00e9s d\u2019autres types d\u2019actifs.<\/p>\n<p style=\"text-align: justify; color: #333645;\">Tous les assureurs ne souscrivent pas les risques li\u00e9s \u00e0 l\u2019industrie du charbon. Le march\u00e9 est assez concentr\u00e9; peu d&rsquo;assureurs ont l\u2019expertise n\u00e9cessaire pour assurer des projets aussi gigantesques et risqu\u00e9s.<\/p>\n<p style=\"text-align: justify; color: #333645;\"><b>Les nouveaux projets charbon n\u00e9cessitent g\u00e9n\u00e9ralement une couverture de r\u00e9assurance, via le transfert de tout ou partie des risques des assureurs aux r\u00e9assureurs (tels que Swiss Re, Munich Re, Hannover Re, et Scor), principalement par le biais de la r\u00e9assurance facultative.<\/b><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:0px;--awb-margin-bottom:0px;--awb-flex-wrap:wrap;\" id=\"bonsOutils\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last fusion-column-no-min-height\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-section-separator section-separator triangle fusion-section-separator-3\" style=\"--awb-border-bottom:0px solid #3f4250;--awb-spacer-height:0px;--awb-svg-margin-left:0;--awb-svg-margin-right:0;--awb-icon-color:#ffffff;\"><div class=\"fusion-section-separator-svg\"><div class=\"divider-candy-arrow bottom\" style=\"top:0px;border-top-color: #ffffff;\"><\/div><div class=\"divider-candy bottom\" style=\"bottom:-20px;border-bottom:1px solid #3f4250;border-left:1px solid #3f4250;\"><\/div><\/div><div class=\"fusion-section-separator-spacer\"><div class=\"fusion-section-separator-spacer-height\"><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:50px;margin-bottom:50px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-title title fusion-title-4 fusion-title-center fusion-title-text fusion-title-size-two\" style=\"--awb-margin-bottom:0px;--awb-margin-bottom-small:0px;\"><div class=\"title-sep-container title-sep-container-left\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><span class=\"awb-title-spacer\"><\/span><h2 class=\"fusion-title-heading title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:33;line-height:1.5;\"><div style=\"text-align: center;\">Les services financiers au niveau de l\u2019entreprise<\/div><\/h2><span class=\"awb-title-spacer\"><\/span><div class=\"title-sep-container title-sep-container-right\"><div class=\"title-sep sep- sep-solid\" style=\"border-color:#3e3e3e;\"><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:40px;width:100%;max-width:200px;\"><div class=\"fusion-separator-border sep-shadow\" style=\"--awb-height:20px;--awb-amount:20px;background:radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-webkit-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-moz-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);background:-o-radial-gradient(ellipse at 50% -50% , #c1c1c1 0px, rgba(255, 255, 255, 0) 80%) repeat scroll 0 0 rgba(0, 0, 0, 0);\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-first\" style=\"--awb-padding-top:22px;--awb-padding-right:10px;--awb-padding-bottom:10px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#8ac56b;--awb-border-top:2px;--awb-border-right:2px;--awb-border-bottom:2px;--awb-border-left:2px;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );margin-right: 4%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-4\"><p style=\"text-align: justify;\"><span style=\"color: #8ac56b;\"><b>\u21d2 Les banques ne financent pas seulement des projets ou des activit\u00e9s sp\u00e9cifiques dans le secteur du charbon. Le financement de p<span style=\"color: #8ac56b;\">rojets ne repr\u00e9sente qu\u2019une part infime du fin<\/span>ancement total du secteur du charbon.<\/b><\/span><span style=\"color: #8ac56b;\"><b> La majeure partie du financement provient des services fournis au niveau des entreprises.<\/b><\/span> Les banques aident indirectement les entreprises \u00e0 construire et \u00e0 exploiter des projets de charbon nouveaux et existants, en leur octroyant des pr\u00eats ou en agissant comme leur agent sur les march\u00e9s financiers, ce qui leur permet d\u2019\u00e9mettre des actions et des obligations.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_2 1_2 fusion-one-half fusion-column-last\" style=\"--awb-padding-top:22px;--awb-padding-right:10px;--awb-padding-bottom:10px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#8ac56b;--awb-border-top:2px;--awb-border-right:2px;--awb-border-bottom:2px;--awb-border-left:2px;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;width:50%;width:calc(50% - ( ( 4% ) * 0.5 ) );\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-5\"><p style=\"text-align: justify;\"><span style=\"color: #8ac56b;\"><b>\u21d2 Les assureurs n\u2019assurent pas seulement les biens des entreprises charbon. Elles leur proposent \u00e9galement plusieurs autres types de couvertures, par exemples li\u00e9es \u00e0 la responsabilit\u00e9 civile des entreprises et des dirigeants.<\/b><\/span> La couverture des administrateurs et dirigeants (D&amp;O) prot\u00e8ge les dirigeants des grandes entreprises contre les r\u00e9clamations li\u00e9es aux d\u00e9cisions et aux actions qu\u2019ils prennent. Une partie ou la totalit\u00e9 des risques peut \u00eatre transf\u00e9r\u00e9e aux r\u00e9assureurs, g\u00e9n\u00e9ralement avec un m\u00e9lange d\u2019autres types de risques et\/ou d\u2019actifs, par le biais de trait\u00e9s de r\u00e9assurance.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-16 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-top:10px;--awb-padding-right:10px;--awb-padding-bottom:10px;--awb-padding-left:10px;--awb-overflow:hidden;--awb-bg-size:cover;--awb-border-color:#ffffff;--awb-border-top:2px;--awb-border-right:2px;--awb-border-bottom:2px;--awb-border-left:2px;--awb-border-style:solid;--awb-border-radius:10px 10px 10px 10px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-6\"><p style=\"text-align: justify;\"><span style=\"color: #8ac56b;\"><b>\u21d2 Les entreprises \u00e9mettent des actions et des obligations pour lever des capitaux.<\/b><\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">Les actions repr\u00e9sentent une participation dans une soci\u00e9t\u00e9\u202f: les actionnaires re\u00e7oivent des dividendes, dont le montant d\u00e9pend (entre autres) des b\u00e9n\u00e9fices de la soci\u00e9t\u00e9.<\/li>\n<li style=\"text-align: justify;\">Les obligations sont une forme de dette \u00e0 long terme\u202f: les d\u00e9tenteurs d\u2019obligations ne d\u00e9tiennent pas une part de l\u2019entreprise et leurs obligations sont rembours\u00e9es par les \u00e9metteurs avec un int\u00e9r\u00eat fixe apr\u00e8s une p\u00e9riode de maturation.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #8ac56b;\"><b>\u21d2 Les investisseurs institutionnels (fonds de pension, soci\u00e9t\u00e9s d\u2019assurance, fondations, gestionnaires de fonds, banques d\u2019investissement, etc.) ach\u00e8tent un grand nombre d\u2019actions ou d\u2019obligations dans le but d\u2019obtenir un retour sur investissement. Les activit\u00e9s des investisseurs institutionnels peuvent \u00eatre diverses et complexes :<\/b><\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\">Les fonds de pension, les assureurs et les fondations sont consid\u00e9r\u00e9s comme des d\u00e9tenteurs d\u2019actifs : ils sont responsables de la sauvegarde des pensions et autres actifs des particuliers et ont le \u00ab\u2009devoir fiduciaire\u2009\u00bb d\u2019agir dans le meilleur int\u00e9r\u00eat de leurs b\u00e9n\u00e9ficiaires.<\/li>\n<li style=\"text-align: justify;\">Les gestionnaires d\u2019investissement g\u00e8rent des fonds pour le compte de tiers. Les fonds de pension et les fondations, par exemple, sous-traitent la plupart du temps la gestion quotidienne des fonds \u00e0 des gestionnaires de placement par le biais de mandats d\u2019investissement.<\/li>\n<li style=\"text-align: justify;\">Alors que certains assureurs font appel \u00e0 des gestionnaires d\u2019investissement externes, les plus importants g\u00e8rent \u00e9galement (en partie) leurs fonds en interne. En outre, ils g\u00e8rent des fonds pour des tiers. Les assureurs peuvent donc \u00eatre consid\u00e9r\u00e9s \u00e0 la fois comme des propri\u00e9taires d\u2019actifs et des gestionnaires d\u2019investissement.<\/li>\n<li style=\"text-align: justify;\">Les banques combinent \u00e9galement diff\u00e9rentes activit\u00e9s. Si le financement est g\u00e9n\u00e9ralement leur activit\u00e9 principale, elles sont souvent aussi consid\u00e9r\u00e9es comme des gestionnaires d\u2019investissement (g\u00e9rant des fonds pour le compte de tiers, par exemple des clients de d\u00e9tail) et m\u00eame des propri\u00e9taires d\u2019actifs (fournissant par exemple des produits de pr\u00e9voyance et d\u2019assurance \u00e0 leurs employ\u00e9s).<\/li>\n<\/ul>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-17 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-padding-bottom:20px;--awb-bg-size:cover;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-aligncenter\"><a class=\"fusion-button button-flat button-large button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/coalpolicytool.org\/\"><i class=\"fa-signal fas button-icon-left\" aria-hidden=\"true\"><\/i><span class=\"fusion-button-text\">Voir le Coal Policy Tool<\/span><\/a><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":28,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"100-width.php","meta":{"footnotes":""},"programme":[],"class_list":["post-5881","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Comment la finance soutient-elle le charbon\u2009? - Reclaim Finance<\/title>\n<meta name=\"description\" content=\"Les projets de charbon sont financ\u00e9s par des banques commerciales ou encore des financements publics. 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