{
ALTÉRRA

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}
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001122334455554433221100

japan's azec initiative promotes fossil fuels despite climate commitments

Japan's Asia Zero Emission Community (AZEC) initiative, aimed at fostering regional decarbonization, has faced criticism for promoting fossil fuel projects, with over one-third of its agreements supporting such technologies. Critics argue that this approach undermines genuine emissions reductions and perpetuates reliance on fossil fuels, despite Japan's commitment to end financing for unabated fossil energy. While some agreements focus on renewable energy, the majority still favor fossil-based solutions, raising concerns about long-term climate impacts in Southeast Asia.
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Japanese Yen Euro United States Dollar Japan Bank for International Cooperation ALTÉRRA Wood Mackenzie Ltd. AUS IDN GBR CAN JPN DEU MYS THA Ayumi Fukakusa Shigeru Ishiba Fumio Kishida Hanna Hakko Amy Kong Show more
Finance & Economy, News Article
18:42 07.10.2024
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