Bank of England stops accepting thermal coal bonds in major climate shift

The Bank of England will stop accepting bonds linked to thermal coal for key loan arrangements starting October, marking a major climate policy shift. The central bank cited financial risks from the economy's transition to net zero. The move is stricter than policies adopted by most Western counterparts and signals to commercial banks they should reconsider holding coal-linked assets.

Summary by OZbrief Editorial · The Guardian Australia – Business · Source