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Energy

Japan to halt state support for overseas coal-fired power plants

Heavy criticism pushes Tokyo to promote greener options in emerging countries

The Japanese government is curtailing financial support for the construction of coal-fired power plants overseas.    © Reuters

TOKYO -- Japan's government will cease much of its financing and other support measures for constructing coal-fired power plants overseas, responding to mounting global criticism of its backing for the carbon-intensive energy source as part of the country's push to build foreign infrastructure projects, Nikkei has learned.

Tokyo has provided state support for Japanese companies to build these plants under certain conditions, such as when projects are located in a country with no other options economically. The Japan Bank for International Cooperation is one of the public institutions that has offered financing for such construction.

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