Activists Urge Japan to Cancel New Power Plants’ Funding
Activists call Japanese Government to end its financial support for fossil fuels, including new coal power stations.
Activists call Japanese Government to end its financial support for fossil fuels, including new coal power stations.
At present, 54% of coal projects in Indonesia’s pre-development pipeline are financed by China.
The analysis reviews policies and financing of central banks from Canada, China, the European Union, France, Germany, India, Italy, Japan, Russia, Switzerland, the United Kingdom and the United States.
The petition was delivered before the banks’ Annual Shareholders Meetings on 23 June.
The world already has more than enough renewable energy potential to comfortably make the transition away from fossil fuels and meet 1.5ºC target.
Chinese banks’ fossil fuel policies are almost nonexistent, when it comes to aligning with the Paris Agreement.