Japan tightens state lending for overseas coal plants

It received criticisms in funding such plants in Indonesia and Vietnam.

The Japanese government said it will tighten state-backed financing criteria for overseas coal-fired power plants after facing criticism over its support for the dirtiest fossil fuel.

The move marks a partial shift away from Japan’s strong official backing for coal but includes exemptions, leaving some non-governmental organizations sceptical about how much impact the new approach will have.

“As a principle, the government will not provide assistance for new coal projects to those countries where Japan is not fully aware of the local energy situation and challenges or policies for decarbonisation,” the government said in a statement.

It has received criticism from many quarters over its support, usually through Japan’s export credit agency, for the construction of coal-fired plants in countries such as Indonesia and Vietnam, as well as new plants at home.

The government said it was “essential” to cut carbon emissions under the Paris Agreement to combat climate change, which is already affecting many countries including Japan.

Also Read

Queensland gov’t invests $3.6m in solar panel recycling initiative

Retirement of oil and gas plants needs five times the speed to achieve climate goals

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit