Japan to end support for some fossil fuel technology exports

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Policy

Tokyo, June 3 (Jiji Press) — Japan will end support for new fossil fuel exports by the end of 2022 without measures to reduce greenhouse gas emissions, the government announced Friday.

This was included in the government’s revised strategy to boost infrastructure exports, reflecting a joint statement adopted at a meeting of Group of Seven climate, energy and environment ministers in May.

The country should end export subsidies, including gas-fired power plants.

At the same time, the government will continue to provide support for export projects that are in line with the targets set under the 2015 Paris Agreement, an international framework for combating climate change.

He also plans to continue supporting exports of natural gas-related technologies, which he says will help fight global warming because natural gas causes fewer greenhouse gas emissions than coal.

[Copyright The Jiji Press, Ltd.]

Jiji Press

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