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Debate intensifies on future of coal 15:00 | 11/05/2021 After one major South Korean coal-fired power financier decided last month to withdraw its participation in foreign markets in the sector, questions have arisen on the feasibility of planned coal-based ventures. However, several experts evaluate the move as a signal for Vietnam to step up the transition from fossil fuels to renewable energies. Experts point out that dependence on coal will harm attempts to reach emissions targets. Photo: Le Toan President Moon Jae-in at the Leaderâs Summit on Climate on April 22 announced that his country, South Korea, would stop investing in coal power abroad. Meanwhile, Vietnam is considering expanding coal-fired power projects in its most recent Power Development Plan 8 (PDP8). ....
Environmental groups in Japan and Australia are calling on Japan’s export credit agency not to offer support for a proposed liquefied natural gas (LNG) project near Darwin, as the fossil-fuel reliant nation pledges to become a global leader on fighting climate change alongside the new US administration. Much of the gas from the proposed Barossa LNG project, being developed by Adelaide-based energy company Santos, is earmarked for export to Japan. The Japan Bank for International Cooperation (JBIC) disclosed in February that it is considering some form of support for the development. Japanese behemoth Mitsubishi has already struck an agreement with Santos to buy 1.5 million tonnes of gas per annum from the project, and Japanese power company JERA will eventually have a 12.5% stake in the enterprise. ....
NGOs call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil, and gas NGOs call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil, and gas April 16, 2021 The two world leaders meet for the first time today at the U.S.-Japan Summit 350.org, Friends of the Earth United States, Japan Center for a Sustainable Environment and Society (JACSES), Kiko Network, Oil Change International The Japanese government announced that the first in-person U.S.-Japan summit between U.S. President Joe Biden and Japanese Prime Minister Yoshihide Suga will be held on April 16 in Washington D.C. (※1). We, as environmental NGOs based in both the U.S. and Japan, call on President Biden and Prime Minister Suga to take strong leadership on ending public support for coal, oil and gas expans ....