Japan to tighten state lending for overseas coal power stations: Nikkei

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Japan will cut state-backed financing and other support for overseas coal-fired power plants by tightening the lending criteria for projects after facing criticism over its policy on the dirtiest fossil fuel, the Nikkei reported on Thursday.

The move, to be announced later in the day, implies that Japan’s strong official backing for coal is starting to shift, although some non-governmental organizations are sceptical whether the announcement will amount to a significant change at all.

The new policy will have exemptions, including backing for so-called integrated gasification combined cycle power stations that emit about 15% less carbon dioxide than regular plants, the Nikkei newspaper reported. Officials in the Ministry of Economy, Trade and Industry, were not immediately available for comment, when contacted by Reuters.

 

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It's good to see Japan listening to the concerns on the propagation of fossil fuels. What effect will this have on the importing countries in Southeast Asia I wonder.

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