Japan pours money into coal fired generation
- Jan 8, 2021 5:11 pm GMTJan 8, 2021 3:46 pm GMT
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Oh dear...anyone remember the scheme Japan mooted to replace the Clean Development Mechanism, the Bilateral Offset Crediting Mechanism - which was all about exporting Japanese equipment and very little about real additional emissions reductions?
Well here you can see the policy stripped bare, with the Japanese Bank for International Co-operation pumping $636 million into Vietnamese coal fired generation. Their strapline is 'Supporting your Global Challenges'. Well meaninglessness aside, they certainly aren't supporting mine, the main one of which IS climate change.
Very, very disappointing