Japan tightens rules on support for overseas coal-fired plants – ZAWYA

Japan tightens rules on support for overseas coal-fired plants – ZAWYA

Japan tightens rules on support for overseas coal-fired plants | ZAWYA MENA Edition HomeEconomyGlobalArticleJapan tightens rules on support for overseas coal-fired plants The government said it was "essential" to cut carbon emissions under the Paris Agreement to combat climate change    Japan's Environment Minister Shinjiro Koizumi attends a news conference at Prime Minister Shinzo Abe's official residence in Tokyo, Japan September 11, 2019. TOKYO - The Japanese government on Thursday said it will tighten state-backed financing criteria for overseas coal-fired power plants after facing criticism over its support for the dirtiest fossil fuelThe 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.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.TOKYO - The Japanese government on Thursday said it will