Global Coal Exit List 2023
GCEL is shaping new coal policies of financial institutions across the globe. It currently lists over 1400 parent companies from the coal power, mining and services sector as well as all companies developing new coal assets. GCEL covers the whole coal universe.
Why GCEL is Special
Urgewald created the Global Coal Exit List to give financial institutions a tool to move coal out of their portfolios. GCEL covers the entire thermal coal value chain from coal exploration and mining, to coal power production and coal gasification. Today, it is the most comprehensive public database on the global coal industry.
GCEL currently has over 600 online users from the finance industry and has helped shape the coal policies of many financial institutions across the globe.
Other Urgewald Projects
Still Banking on Coal
Since 2016, after the COP20 in Paris, the world agreed to limit Global Warming to 1.5 degrees. In 2021, the International Energy Agency issued its Net Zero by 2050 scenario, underlining the need for a rapid transition out of coal. It was the year in which the Glasgow COP agreed to accelerate the phase-down of coal and in which commercial banks launched the Net Zero Banking Alliance. 2016 should have been a turning point; 2021 should have been a turning point, but the global banking industry missed both turns. Our resarch Still Banking on Coal shows that commerical banks still injected $ 470 billion into the industry since January 2021.
Investing in Climate Chaos
At a time when the UN warns that greenhouse gas emissions must be cut in half by 2030, pension funds, insurers, mutual funds and asset managers are still gambling away our future by sinking money into the world’s worst climate offenders. Over 7,500 institutional investors hold bonds and shares in coal, oil and gas companies to the tune of US$ 4.3 trillion. Urgewald's website is a tool for citizens’ movements, customers and regulators to hold institutional investors accountable.