Thousands of citizens call on the KfW Bank Group to stop investing in coal, starting from Greece
WWF Greece and WWF Germany met with the KfW Bank Group, in order to hand over the petition signed by 15,000 citizens calling the development bank to refrain from financing a new coal plant by PPC: “Ptolemaida V” in Northern Greece. WWF and KfW also had the opportunity to discuss the prospects for a truly sustainable Greek economy, focusing on the necessary shift to a clean, innovative and competitive energy model. During the meeting, WWF Greece’s Director Demetres Karavellas discussed with Dr Norbert Kloppenburg, member of the Executive Board of KfW, the need for influential financial institutions to divest from coal and lead the world towards a clean energy path. According to WWF Greece, Ptolemaida V is not a viable investment, since its true costs outweigh its stated benefits. Also present at the meeting were Mr Markus Scheer, Member of the Management Board of KfW IPEX-Bank, and Eberhard Brandes, Director of WWF Germany.