Center for American Progress

What Tokyo and Seoul must do to meet their coal pledges
In the News

What Tokyo and Seoul must do to meet their coal pledges

Trevor Sutton and Abigail Bard explain how Japan and South Korea can effectively meet their commitments to end financing for overseas coal projects.

Over the past three months, South Korea and Japan, the second- and third-largest financiers of overseas coal power have announced plans to end this practice in principle.

In April, South Korea said it would stop funding new overseas coal projects. In May, Japan signed on to a statement stating that Group of Seven members will phase out direct government support for unabated overseas coal by the end of 2021, with the exception of “limited circumstances at the discretion of each country.”

The above excerpt was originally published in Japan Times. Click here to view the full article.

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Authors

Trevor Sutton

Senior Fellow

Abigail Bard

Policy Analyst, Asia