Coal

🧬 AI profile — grown from 6ic coverage The Coal Bond Ban refers to a policy decision made by the Bank of England, the central bank of the United Kingdom, to prohibit the sale of new bonds issued by companies that generate more than 10% of their revenue from coal. This move aims to reduce the financial sector's exposure to climate-related risks associated with coal mining and use. The ban is seen as a significant step in shifting the perception of climate risk in the financial sector.