Global Fossil Fuel Divestment and Clean Energy Investment Movement Crosses $11 Trillion Milestone
The global movement to divest from fossil fuel companies and invest in climate solutions announces a major milestone today, as the total assets pledged to divestment crossed Eleven Trillion Dollars (US).
Japan remains the only G7 country still pursuing new coal power plants domestically and internationally
Coal exit gathers pace, setting a point of no return for the use of coal in the power sector. However, Japan, for the fifth year running, ranked the worst performer in phasing out coal among the G7 countries. It is the only G7 country still pursuing new coal power plants domestically and internationally.
Japanese Megabanks – Mitsubishi UFJ, Sumitomo Mitsui, Mizuho lacking concrete measures to address climate risks
【350.org Japan new announcement】Japanese Megabanks – Mitsubishi UFJ, Sumitomo Mitsui, Mizuho lacking concrete measures to address climate risks
Four New Coal Power Plants Start Operation in 2020 Olympics Year
For a country that aims to reduce greenhouse gas emissions by 26% by 2030, it's an odd move of Japanese government to support the domestic coal fired power projects. Japan aims to promote its initiative “Towards Zero Carbon” by offsetting all emissions at Tokyo 2020. Yet, this exact year of the Olympics, four new large scale coal plants are expected to start operating.
Sumitomo Corporation Must Aim at Complete Coal Phase-Out to Combat Climate Change
[NGO Joint Statement on Sumitomo Corporation’s Coal Policy] Sumitomo corporation announced that it will no longer develop new coal-fired power generation and coal mining projects. However, this is not sufficient to actually combat climate change.