24 May '16, 10am

Japan plans to fund $10 billion in coal projects, more than rest of @g7 combined:

Japan plans to fund $10 billion in coal projects, more than rest of @g7 combined:

This post was co-written with Sarah Lyn Vollmer. The Paris Agreement sends a power signal that governments must shift global resources towards clean energy. One critical component of this effort must be to use scarce public resources to help meet the deep emissions cuts targets outlined in the agreement. In spite of this progress, some countries are still financing international coal projects with public resources. Japan, which will host the 2016 G7 meeting, continues to be the worst offender when it comes to public financing for international coal projects, providing $22 billion from 2007 to 2015. And while most countries show signs of ending their public financing of overseas coal projects, Japan financed $1.4 billion in coal projects in 2015 and is considering nearly $10 billion in future coal projects . The Natural Resources Defense Council, in partnership with Oil Cha...

Full article: https://www.nrdc.org/experts/jake-schmidt/coal-financing-...

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nrdc.org 24 May '16, 10am

About 75 percent of all coal financing went to coal power plants. Others went to coal mining, transmission and distributio...

via @CleanTechnica

via @CleanTechnica

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via @grist

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