BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look

Today’s front page, Wednesday, September 27, 2023

Subscribe
BusinessMirror
BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look
  • Asean Economic Community

Japan unswayed by increased pressure to disavow coal support

  • Bloomberg News
  • June 14, 2016
  • 2 views
  • 3 minute read

JAPAN, faced with increasing calls from environmentalists to phase out coal, is standing by its support of the fossil fuel, saying it will help developing countries adopt the best available technologies for coal-fired power plants.

Pressure to rein in carbon-dioxide emissions is intensifying, especially after the Paris Agreement, a global deal reached last December to tackle climate change. Environmentalists have criticized Japan for being one of the biggest providers of coal financing among Group-of-Seven (G-7) nations and for being a laggard in switching to cleaner energy sources.

In response, Japan says it’s helping to develop more efficient coal-fired plants that can cut carbon-dioxide emissions. The Asian nation’s financing of coal-fired projects is also helping to improve energy security in countries that still rely on the cheap fuel, officials say.

“It is not realistic to quit coal entirely,” Takafumi Kakudo, director of the clean coal division at the Ministry of Economy, Trade and Industry (Meti), said in an interview. “Environmental aspects alone can’t dictate the way countries set their energy policies.’’

Asian countries, such as India and Indonesia, are planning to add more coal capacity to meet growing power demand. Japanese companies, such as Toshiba Corp., have plans to supply equipment to such coal-fired plants, while the state-owned Japan Bank for International Cooperation has provided loans for projects abroad.

Coal technologies

“WE want to make our contribution so these countries can reduce emissions,” Kakudo said, adding that Japan is also ready to provide support for gas-fired power projects.

The government has been promoting exports of technologies for coal- and gas-fired power. In a set of infrastructure export strategies adopted in May, the government said it will push for energy-related infrastructure, such as high-efficiency thermal power plants, and equipment to remove air pollutants.

Japanese companies are counting on demand for cheap electricity in developing countries.

“There is big demand for power in emerging economies and Africa, where industries have yet to emerge,” Takio Nishizuma, a senior executive vice president at Mitsubishi Hitachi Power Systems Ltd., said at a seminar in Tokyo earlier this month. Mitsubishi Hitachi Power is a supplier of equipment to coal-power plants.

Japan plans to continue to rely on coal-fired power plants at home, too. The country has plans for 48 projects totaling about 23 gigawatts in various stages of development, according to Kyoto-based environmental group Kiko Network.

Environmental groups, meanwhile, have been stepping up pressure on Japan to scale back on
coal financing. Japan’s public financing of coal power plants and mining is larger than any other member of G-7 industrial nations, according to a report released last month by a collection of environmental groups, including the Natural Resources Defense Council.

Financing pressure

THE Asian nation placed last among G-7 members in terms of efforts being made to phase out coal-power generation, according to a “coal scorecard” report from E3G, a non-profit group promoting a low-carbon economy.

Last November members of the Organisation for Economic Co-operation and Development agreed to scale back public financing for coal-fired stations in order to rein in emissions, with member-countries agreeing to provide subsidies only for coal-fired plants with so-called ultra-supercritical technology.

Even with advances in technology, coal-fired plants still emit more carbon dioxide than gas-fired stations. Development of carbon capture and storage is needed to drastically reduce emissions, Meti’s Kakudo said.

“Japan needs to recognize it has a problem,” Chris Littlecott, program leader for fossil-fuel transition and CCS at E3G, said at a recent seminar on coal in Tokyo. “Japan is going to be under pressure.”

0
0
0
0
Share 0
Tweet 0
Pin it 0
Share 0

Know more

Know more
  • 3 min
  • Asean Economic Community

ASEAN needs to upgrade education infrastructure or risk falling further behind 

  • Vijay Eswaran, Founder and Chairman of QI Group
  • September 12, 2023
Know more
  • 879
  • 3 min
  • Asean Economic Community

Rohingya in ‘no man’s land’ insist they will stay

  • The Associated Press
  • March 11, 2018
Know more
  • 403
  • 2 min
  • Asean Economic Community

Bangladesh gives to Myanmar official the names of refugees for repatriation

  • The Associated Press
  • February 19, 2018
Know more
  • 367
  • 1 min
  • Asean Economic Community

South Korea joins US, Thailand in military drill

  • The Associated Press
  • February 19, 2018
Know more
  • 611
  • 3 min
  • Asean Economic Community

Judge halts deportation of Indonesian Christians

  • The Associated Press
  • February 5, 2018
Know more
  • 326
  • 2 min
  • Asean Economic Community

Cambodia endorses amendment making insulting the king a crime

  • The Associated Press
  • February 5, 2018
Know more
  • 250
  • 1 min
  • Asean Economic Community

Lion dance in Singapore ahead of Lunar New Year

  • The Associated Press
  • February 5, 2018
Know more
  • 158
  • 1 min
  • Asean Economic Community

Hollywood star Michelle Yeoh calls Rohingya plight ‘despicable’

  • The Associated Press
  • January 28, 2018
Know more
  • 165
  • 2 min
  • Asean Economic Community

Grim reminders of Vietnam war, 4 decades later

  • The Associated Press
  • January 28, 2018
Know more
  • 201
  • 1 min
  • Asean Economic Community

Cambodia, India to expand ties in IT, infrastructure

  • The Associated Press
  • January 28, 2018
Know more
  • 106
  • 3 min
  • Asean Economic Community

Myanmar’s Suu Kyi meets China’s Xi as Rohingya censure intensifies

  • The Associated Press
  • December 4, 2017
Know more
  • 123
  • 2 min
  • Asean Economic Community

Former Asean Sec-Gen Surin dead at age 68

  • The Associated Press
  • December 4, 2017
Know more
  • 535
  • 2 min
  • Asean Economic Community

SE Asia’s economic boom reaches Thailand

  • Bloomberg News
  • November 20, 2017
Know more
  • 76
  • 4 min
  • Asean Economic Community

Cambodia’s top court orders opposition party dissolved

  • The Associated Press
  • November 20, 2017
Know more
  • 147
  • 4 min
  • Asean Economic Community

US would consider individual sanctions for Myanmar

  • The Associated Press
  • November 16, 2017
Know more
  • 147
  • 3 min
  • Asean Economic Community

Bangkok firefighters on front line of city’s snake scourge

  • The Associated Press
  • November 16, 2017
Know more
  • 252
  • 2 min
  • Asean Economic Community

Singapore suspends part of rail line after ‘awful day’ of crash

  • Bloomberg News
  • November 16, 2017
Know more
  • 114
  • 2 min
  • Asean Economic Community

Indonesia policy dilemma looms as credit growth lags

  • Bloomberg News
  • November 16, 2017
Know more
  • 89
  • 2 min
  • Asean Economic Community

Trudeau urges just solution to Rohingya crisis

  • The Associated Press
  • November 14, 2017
Know more
  • 126
  • 3 min
  • Asean Economic Community

Asean syncs connectivity plan with Xi’s Belt and Road

  • Elijah Felice Rosales
  • November 14, 2017

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe

BusinessMirror
  • About Us
  • Contact Us
  • Advertise with us
  • Privacy Policy
  • Cookie Policy
  • Podcast
  • Text-Only Homepage

Input your search keywords and press Enter.