TOKYO (REUTERS) - Japan will cut state-backed financing and other support for overseas coal-fired power plants by tightening the lending criteria for projects after facing criticism over its policy on the dirtiest fossil fuel, the Nikkei reported on Thursday (July 9).. Read more at straitstimes.com.
TOKYO - Japan will cut state-backed financing and other support for overseas coal-fired power plants by tightening the lending criteria for projects after facing criticism over its policy on the dirtiest fossil fuel, the Nikkei reported on Thursday .
Japan's government has received criticism from many quarters over the support, usually through the country's export credit agency, for building coal-fired plants in countries such as Indonesia and Vietnam, as well as the roll-out of new plants at home. The country will also continue to fund stations that use a combination of biomass and coal, along with projects that include plans for developing renewable energy.
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