JAPAN'S PROBLEMATIC COAL FINANCING

摘要

In what seemed like a slap to governments worldwide being urged to generate clean energy, Japan, which will host the 2016 G7 meeting, continues to be the worst offender when it comes to public financing for international coal projects. In total, Japan is considering subsidizing coal power plants overseas with a total capacity of over 29 GW, which would contribute a whopping 1.2 billion tons of carbon dioxide to the atmosphere over the lifetime of the plant. The three largest projects under consideration by Japanese lenders are all backed by the public financial institution and export credit agencyJapan Bank for International Cooperation (JBIC): Batang Power Plant in Indonesia (2,000 MW),TanjungJati B Expansion in Indonesia (2,000 MW), and Toyo-Thai Power Plant in Myanmar (1,280 MW).