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Energy

Japan government lender won't get out of coal overseas

Others will provide financing if Tokyo doesn't, JBIC chief argues

Smoke billows from a coal-fired power plant in Harbin, China. Coal is facing headwinds around the world for the amount of carbon emissions it produces.   © Reuters

TOKYO -- Despite growing global pushback against coal-fired power plants, the state-owned Japan Bank for International Cooperation plans to continue financing such projects overseas, bucking growing divestment efforts among private-sector lenders. 

"Is divestment the solution?" JBIC Gov. Tadashi Maeda asked at a news conference Thursday.

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