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\n\u56fd\u969b\u74b0\u5883NGO FoE Japan
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\n350.org Japan
\n\u56fd\u969b\u74b0\u5883NGO\u30b0\u30ea\u30fc\u30f3\u30d4\u30fc\u30b9\u30fb\u30b8\u30e3\u30d1\u30f3
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May 9, 2018 Tokyo, Japan \u2014 In response to the Dai-ichi Life Insurance Company\u2019s announcement on coal power plant finance restriction, a group of Environmental NGOs, Japan Center for a Sustainable Environment and Society (JACSES), Friends of the Earth Japan (FoE Japan), Kiko Network, 350.org Japan, Greenpeace Japan and Rainforest Action Network, issued the following statement:<\/p>\n
\u201cWe welcome the news of the Dai-ichi Life Insurance Company adopting a policy to end new project financing for overseas coal power plants . As far as we know this is the first time that a Japanese financial institution has announced such a policy indicating the first step towards divestment from coal development. We commend this forward-thinking action taken by the Dai-ichi Life Insurance Company.<\/p>\n
However, science indicates that we cannot allow any new coal plants to be built if want to keep global warming well below 2 degrees Celsius as set out in the Paris Agreement and prevent catastrophic climate change. So we compel the Dai-ichi Life Insurance Company to take a step further by also restricting project finance for domestic coal power plants projects as well.<\/p>\n
Major European insurance firms such as AXA and Allianz are leading the way by divesting from businesses that are involved in large-scale coal-fired power plant expansion projects. We foresee that this trend will expand throughout the financial sector.<\/p>\n
It has been reported by the Nikkei Newspaper that Nippon Life Insurance Company is also considering putting in place similar restrictions around lending to new coal fired power plants.<\/p>\n
Japanese financial institutions, starting with \u2014 Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui Financial Group \u2014 should take heed of actions taken by the Dai-ichi Life Insurance Company and act accordingly by adopting policies that will restrict new lending and investment into both international and domestic coal-fired power plant projects and companies involved in coal development and move toward divestment from the coal sector.\u201d<\/p>\n
###<\/p>\n
Contact<\/p>\n
Yuki Tanabe, Japan Center for a Sustainable Environment and Society(JACSES)
\nEmail: tanabe@jacses.org Tel: +81-3-3556-7325<\/p>\n
Shin Furuno, 350.org Japan
\nEmail:shin@350.org<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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