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Opinion

Japanese banks must stop funding coal megaprojects

#ChangeMizuhoChangeWorld protest highlights environmental damage of dirty fuel

| Japan
A coal yard of the Cua Ong Coal Preparation Company in Cam Pha, Vietnam: the coal exit has to happen to avoid irreversible climate chaos.   © Reuters

From Isao Sakai

Today, March 6, student activist group Fridays for the Future Tokyo, inspired by Greta Thunberg and driven by a grassroots movement, will host a public protest against Mizuho Bank. Research shows that it is the biggest private lender for new coal power worldwide: it has provided $16.8 billion in direct loans to coal plant developers since 2017.

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