Prime Minister Abe must be aware that continuing to invest in coal power across the world is not only bad for climate change – but he is also exposing Japan’s reputation to the risk of becoming involved in coal projects tainted by corruption.
Coming only days after Singapore’s three major banks also ended coal finance, the shift by MUFG, previously one of the world’s major coal funders, signals a major change in the energy finance landscape.
Farmers from Indramayu, Indonesia visited Japan to demand the Japanese government and the Japan International Cooperation Agency (JICA) stop financing the Indramayu Coal-fired Power Plant Project.