Japan's Mizuho to fund coal plant shutdowns in Southeast Asia

Major bank eases lending rules to help facilitate decarbonization

20240520N Indonesia coal plant

Southeast Asian countries like Indonesia still rely heavily on coal power. © Reuters

YUKI SEKIGUCHI, Nikkei staff writer

TOKYO -- Mizuho Financial Group will provide financing to help close coal power plants ahead of schedule in Southeast Asia and elsewhere, amid Western criticism of the role that Japanese bank loans have played in promoting the fuel.

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