“STOP! Japanese Fossil Fuel Finance” is a campaign urging Japanese governmental financial organizations, private banks and entities including major trading companies to stop financing fossil fuel related projects which emit massive amounts of greenhouse gases, alter the environment and impact the livelihoods of people all over the world. The governmental organizations funding these projects are the well known ones like Japan International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI).
Although the world is accelerating toward decoalization (coal phase out) and decarbonization since the Paris Agreement was set out Japanese movements are not quick enough and still going against the transition in some parts. For example, Japan is still supporting on fossil fuel related projects including construction and operation of coal-fired power plants in Southeast Asia. These projects, which do not face to the climate change, have been criticized by the international communities for their lack of consideration for human rights and the environmental for future generations.
Many public financial institutions, banks, and insurance companies around the world have announced that they will stop investing and lending to coal-fired power plants. Also, companies have been moving away from their dependence on fossil fuels. The Japanese government has set a new target of reducing carbon dioxide emissions by 46% compared to 2013 by 2030, and announced that it will completely suspend new projects for export coal-fired power plant technologies. However, this policy excludes the projects which had already been decided and does not mention any involvement in the fossil fuel business other than coal. Our “STOP！Japanese Fossil Fuel Finance campaign is monitoring various coal-related fossil fuel related projects, and sharing information about trends in decarbonization in order to encourage shifting toward clean and sustainable future.
The “STOP！Japanese Fossil Fuel Finance” campaign is organized by the Japan Center for a Sustainable Environment and Society (JACSES), FoE Japan, Mekong Watch and Kiko Network. It is also supported by Greenpeace Japan, 350.org Japan, WWF Japan and other Japanese and international NGOs.
Japan Center for a Sustainable Environment and Society (JACSES)
|Japan Center for a Sustainable Environment and Society (JACSES)||Yuki Tanabe, +81-3-3505-5553, tanabe[at]jacses.org|
|Friends of the Earth Japan||Hozue Hatae, +81-3-6909-5983, hatae[at]foejapan.org|
|Mekong Watch||Satoko Endo, +81-3-3832-5034, info[at]mekongwatch.org|
|Kiko Network||Kimiko Hirata, +81-3-3263-9210, tokyo[at]kikonet.org|