More than 20 countries agreed to phase out coal power at COP26 in Glasgow, but not Japan - a ‘leap backwards’ for a country that once led the way on the Kyoto Protocol to reduce greenhouse gas emissions
General view shows JERA's Hekinan thermal power station in Hekinan, central Japan October 18, 2021. REUTERS/Yuka Obayashi
The pact was among a raft of pledges made at the COP26 summit in the last week. Japan, the world's third-biggest importer of the dirtiest fossil fuel, declined to sign because it needed to preserve all its options for power generation, officials said. "Despite Prime Minister Kishida pledging to direct increased funding to climate finance, we are disappointed that he failed to address the elephant in the room - Japan's dependency on coal," said Eric Christian Pedersen, head of responsible investments at Danish fund manager Nordea Asset Management.
China, the world's biggest source of climate change-fuelling gases, did not sign the pact and President Xi Jinping did not attend the conference. The country has said it would reduce its use of coal for electricity by 1.8 percent over the next five years.
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