Japan leads overseas coal power project funding, report showsPosted: May 27, 2016
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.”
By Paul Homewoodcc
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…
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