From today's Guardian
Japan is Australia’s largest export customer for thermal coal. Of the proposed pipeline of coal power projects in Japan in 2015, figures from the Global Coal Plant tracker show three-quarters are now unlikely to proceed.
The most recent proposal likely to be shelved, a 1.3GW coal-fired power station in Akita, in Japan’s north-west coastal region, follows thecancellation of two othersearlier this year. Sojitz Corporation this week announcedfurther divestment from thermal coal, following Itochuannouncing a coal exit last month, andMitsuiin November.
Sources in the Asian renewable and energy finance sectors say Japanese banks, trading houses and two prominent state-backed enterprises – the Japan Bank for International Cooperation and Japan International Cooperation Agency – have in recent months expressed their intention to invest more heavily in the renewables sector.
At some point, even our own Coalition government will be dragged kicking and screaming to the realisation that coal is a doomed resource!
Maybe the lessons currently being forced on them over their prolonged dog whistling on Muslims will have some positive impact in regard climate change!
