The Japanese government on Thursday announced it would withdraw financial support for new overseas coal-fired power generation projects by the end of 2021. However, the government said it might make an exemption for projects that incorporate emission-cutting measures. Details for emissions-cutting measures eligible for the exemption have not been decided, the ministry of economy, trade, and industry (METI) said. METI added that they were discussing the requirements but had no available timetable for an announcement. Support for existing projects would not be stopped, METI noted. Japan stepped up its environmental policies after the G7 summit in the UK, which called for more contributions to global funding to the transition to a carbon-neutral future.
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Published on June 21, 2021 1:02 PM (GMT+8)Last Updated on June 21, 2021 1:02 PM (GMT+8)
