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Japan leads overseas coal power project funding, report shows

May 26, 2016
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By Paul Homewoodcc

 

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http://www.powerengineeringint.com/articles/2016/05/japan-leads-overseas-coal-power-project-funding-report-shows.html?cmpid=EnlPEIMay262016&eid=296412419&bid=1414878

 

From PEI:

 

Japan is the leading funder of coal-fired power plants in developing countries, a new report from environmental groups has shown.

The report was issued this week as Japan prepares to host a G7 summit which will include discussions on climate change. The environmental groups say Japan has failed to follow the Paris climate agreement.

 

According to the report, commissioned by groups including the National Resources Defence Council (NDRC) and the WWF, Japan led the G7 nations in coal power financing between 2007 and 2015, providing over half of the total funding for such projects through direct finance, guarantees, technical assistance and aid for coal power, mining and related projects.

Japan’s share of the total was $22bn, which amounts to 52 per cent of the $42bn provided by G7 nations. And, according to the report, Japan has a further $10bn of coal power projects in the pipeline, representing 29 GW of coal power projects. In 2015, Japan provided $1.4bn for overseas coal power projects out of a total $2.5bn from G7 countries.

The largest coal-fired power projects backed by the state-owned Japan Bank for International Cooperation (JBIC) are the 2000 MW Batang plant and the 2000 MW Tanjung Jati B plant expansion, both in Indonesia, and Mynamar’s 1280 MW Toyo-Thai plant.

Germany came in second, providing $9bn for such projects. Together the G7 nations have provided $5bn to South Africa, $5bn to India, £3bn to Indonesia, $3bn to the Philippines and $2.5bn to Vietnam, as well as other countries.

The JBIC provided the most funding, the report said, with German export credit firm Euler Hermes second.

"Japan continues to be the only G7 country undertaking a coal rush in spite of the Paris Agreement," said Kimiko Hirata, international director for Japanese NGO the Kiko Network, while Jake Schmidt, director of the NDRC’s international programme, said Japan was not following the Paris agreement.

“While Japanese officials say the right thing, the international community has seen Japan slyly continue to invest in dirty projects. Japan needs to reflect on the age-old saying: actions speak louder than words. It is time for them to end this public financing of overseas coal projects,” he said.

However, the International Energy Agency (IEA) has praised Japan for its leadership in exporting clean coal technologies. IEA spokesperson Deborah Adams told Power Engineering International that Japan is “a leader in the development of these important technologies which can reduce emissions of CO2 from coal-fired plant by more than 25 per cent from the global average in the near future.”

And Tokyo says it will monitor coal power facilities to ensure environmental stipulations are met.

"We will monitor and check annually on progress. If we find the power industry cannot reach its [climate] goal, we will consider new measures," Environment Minister Tamayo Marukawa said.

http://www.powerengineeringint.com/articles/2016/05/japan-leads-overseas-coal-power-project-funding-report-shows.html?cmpid=EnlPEIMay262016&eid=296412419&bid=1414878 

 

This confirms earlier reports about Japan. But it is worth noting that our German friends are also dipping their bread.

Of course, Japan are quite correct in what they are doing. The most important thing they can do for countries like Myanmar is to provide cheap, reliable and clean coal power, which will even have the advantage of lowering CO2 emissions from any older, inefficient generators.

It is little surprise though that the likes of WWF oppose it.

10 Comments leave one →
  1. markl permalink
    May 26, 2016 6:15 pm

    “Germany came in second, providing $9bn for such projects.” and only received a mild rebuke. Fact is everyone realizes CO2 isn’t harming us and it’s easier just to agree to non binding promises with the environmentalists to get them out of your hair. Nothing but a waste of resources to appease ideologists.

  2. May 26, 2016 8:36 pm

    The real tragedy in all this is that the UK used to be a major international player in power stations and would have been leading the international export charge (always in battle with Germany). Now we are a sad observer of other countries doing the business.
    We do not have a power station manufacturer or even our own steam turbines any more!

    Maggie has a lot to answer for!

    Sadly, worse is to come as we withdraw from steel etc and force all our heavy industry out of business. However, our carbon footprint will be reduced …..

    • Edmonotn Al permalink
      May 27, 2016 2:11 am

      It matters not what the “carbon footprint” is, as CO2 is not causing CAGW

    • catweazle666 permalink
      May 27, 2016 7:56 pm

      “Maggie has a lot to answer for!”

      In fact, the Labour government of Callaghan closed more mines and put more miners out of work than Thatcher. Interestingly, the Energy Minister who oversaw most of the carnage was Comrade Viscount Sir Anthony “call me Tony” Wedgwood Benn Bart.

      • May 28, 2016 6:10 pm

        I’m not going to try to defend the indefensible, but Maggie put into train the asset-stripping heroes who plundered industrial assets and led to the de-industrialisation of the UK: mining is a small part of the evil.

  3. May 26, 2016 11:17 pm

    Reblogged this on Climatism and commented:
    When one takes off the green-tinted glasses; energy reality, rationale and sanity shines through.

    If the WWF cared for the world’s poorest people, they would support Japan, Germany and Italy’s clean-coal investments in places like Myanmar, Phillipines and Indonesia.

    Though, as we already know, environmental activist groups like WWF prefer to believe that “The Earth has cancer and the cancer is Man.” (Club of Rome, premier environmental think-tank, consultants to the United Nations) or maintain the Malthusian belief of Stanford University’s population freak, Paul Ehrlich, that “Giving society cheap, abundant energy would be the equivalent of giving an idiot child a machine gun.”

  4. Nordisch-geo-climber permalink
    May 27, 2016 7:52 am

    Yes! Never forget that Maggie had a real mess to sort out. In the ten years of action she had available, she did a pretty good job of ridding the country of the consequences of a corrupt socialist government. Unfortunately she didn’t get another ten years to finish the job.

    • catweazle666 permalink
      May 27, 2016 7:58 pm

      Indeed. She was stabbed in the back by a bunch of treasonous treacherous Europhiles.

      I haven’t voted Conservative since.

  5. Bloke down the pub permalink
    May 27, 2016 10:33 am

    Watching the unfolding migration disaster, I sometimes wonder how much of it has been fueled by G7 countries denying sub-Saharan African nations the ability to produce cheap energy. So long as the green neo-colonialists want to maintain the gap between the haves and have nots, there’ll be people willing to risk all in order to seek a better future.

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