E3G is not the only one which has recently highlighted Japan’s counter-global coal plans. A report published earlier this month by the Sustainable Finance Programme at the University of Oxford’s Smith School of Enterprise and the Environment found that Japan’s future expanded-coal fleet could end up stranding $56 billion. This compares startlingly with recent news out of the UK which saw electricity generated from coal fall to zero for the first time since the first coal-fired generator opened in London back in 1882!
“Japan’s weak emissions reduction target and planned coal investments put it out of step with a world that is quickly moving low carbon,” added Taylor Dimsdale, Head of Research at E3G. “It is wasting its considerable advantages both in diplomacy and in clean energy technology. Japan should use the G7 summit to re-emerge as a leader on climate change.”