Physical Risks of Climate Change at Tokio Marine, MS&AD and SOMPO
A new research by JACSES says, if natural disasters on the same scale as experienced in FY2018 occur for the second straight year, Japanese thee insurers,Tokyo Marine, SOMPO, and MS&AD will have no money left in the emergency contingency reserve.
Please do not support the Vung Ang 2 coal-fired power generation project in Vietnam
Five environmental NGOs submitted a letter calling on the Japanese government to not support the Vung Ang 2 coal-fired power generation project in Vietnam.
NGOs applaud environment minister for expressing concerns about coal power project in Vietnam
At a press conference on January 21, 2020, Japan’s Environment Minister Shinjiro Koizumi pointed out that the use of public funds for the Vung Ang 2 coal-fired power generation project in Vietnam was inconsistent with policies of the Japanese government.
Minister Koizumi, Can You Hear Us? NOW is the Time to Act.
The 25th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP25) is being held between Dec 2nd and Dec 13th in Madrid, Spain. During the COP25, Japan has got international criticisms on its coal finance.
Final Call? Sayonara Coal Again
While government representatives are negotiating how to tackle the climate crisis at COP, voices protesting Japan’s support for coal-fired power generation resonated outside the venue. Japan’s support for coal has been criticized at major international conferences such as COP, particularly amongst developing country members affected by the climate crisis.