Burden of Disease from Rising Coal-Fired Power Plant Emissions in Southeast Asia
A Harvard University team has estimated approximately 70 000 people in South East Asian countries will face premature death annually just from the air pollution from coal expansion by 2030.
G7 COAL SCORECARD – FIFTH EDITION COAL FINANCE HEADS FOR THE EXIT
E3G has issued the fifth edition of G7 Coal Scorecard. Japan, for the fifth year running, remains in last place in the ranking. It is the only G7 country still pursuing new coal power plants domestically and overseas.
Thermal Coal in Asia: The Real Risks for Investors
Japanese project lenders are increasingly isolated globally in their exposure to coal power. Amid greater shareholder scrutiny on climate risk, their disclosure remains poor.
New report: Land of the Rising Sun and Offshore Wind
This report shows Japan’s proposed and existing coal capacity could become stranded due to lower utilization rates and tariff prices caused by low cost renewable energies.
Insuring Coal No More: The 2019 Scorecard on Insurance, Coal and Climate Change
Unfriend Coal Campaign published the ranking of 30 leading insurers worldwide for efforts for climate change and divestment from coal. It shows that insurers with the policy to end/limit insurance underwriting for coal projects such as Allianz, AXA, Swiss Re, Munich Re, Chubb, QBE, etc. rank relatively high, on the other hand, Japanese major non-life insurance companies that do not have such policies: Tokio Marine, MS & AD, and SOMPO rank at the bottom.
Indonesian Coal-fired Power Exposed to Corruption – Cirebon coal-fired power project: problems on environment, human rights, and corruption, and banks’ non-compliance with international norms
This report shows the compliance status of international CSR norms in Cirebon coal-fired power project, which is financed by Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC), and MUFG Bank. in cooperation with Japan Bank for International Cooperation (JBIC), The Export-Import Bank of Korea (Kexim), and ING Bank. It revealed that 43 non-compliances with the Equator Principles and IFC Performance Standards, 13 with the UN Global Compact, and 10 with the OECD Guidelines for Multinational Enterprises.
Sumitomo Corporation’s Dirty Energy Trade: Biomass, Coal, and Japan’s Future
Mighty Earth’s new report illustrates how the massive, Tokyo-based trading company lies at the heart of global coal and biomass networks that mine, chop, finance, ship, and burn the most destructive fuels on Earth.
A Deadly Double Standard
Greenpeace Southeast Asia and Greenpeace Japan jointly published a report - A Deadly Double Standard, revealing that the public finance agencies’ 16.7 billion USD investment in coal plants between January 2013 and May 2019 is estimated to cause a total of 148,000 to 410,000 avoidable premature deaths over the typical 30 year operation period of such plants.
Swimming against the tide: Japanese banks and climate change
The NGOs issued a warning to Japanese banks and other financial institutions that failure to divest from coal could put Japan behind the curve vis-a-vis international peers.
Uncertain and harmful: Japanese Coal Investments in Indonesia
Ongoing Japanese investment in coal-fired power in Indonesia carries increasing financial and political risk to banks and investors and is not in line with global efforts to limit the worst impacts of climate change.