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Our new report “Past Last Call: G20 public finance institutions are still bankrolling fossil fuels” looks at G20 country and MDB public finance for fossil fuels from 2018-2020 for the first time and finds they are still backing at least USD 63 billion per year in oil, gas, and coal projects. Our new report “Past Last Call: G20 public finance institutions are still bankrolling fossil fuels” looks at G20 country and MDB public finance for fossil fuels from 2018-2020 for the first time and ...

New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26. New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26.

New report reveals that from 2018 to 2020, at least USD 188 billion was bankrolled into fossil fuels by G20 nations, despite climate pledges.

Special Presidential Envoy for Climate John Kerry traveled to Tokyo, Japan, and Tianjin, People's Republic of China from August 31 to September 3, 2021,...

A man shows a sign demanding Japan raise its emissions-reduction target to at least 62 percent in front of the economy ministry in Tokyo’s Kasumigaseki district on April 22. (Provided by Kinkyu Kiko) Not good enough. That was the message to Prime Minister Yoshihide Suga from young climate activists on the day he officially unveiled the government’s new target for cutting greenhouse gas emissions. At 67 locations across 23 prefectures on April 22, activists held up placards arguing that what...

Activist Kimiko Hirata is still reeling from becoming the first Japanese woman to clinch the Goldman Environmental Prize, widely regarded as equivalent to the Nobel Prize, for her efforts to wean Japan off coal-fired power generation. Hirata, 50, said modestly that she didn’t feel she merited such attention, but was hugely pleased that her work in environmental protection had shed light on the activities of Japanese nongovernmental organizations. “That is what I am best pleased about.�...

Japan bank head says transition funds are critical for climate Sorry, but your browser needs Javascript to use this site. If youre not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ Makoto Takashima, chairman of the Japanese Bankers Association, speaks during an interview in Tokyo last month. Takashima assumed the post of chairman on Thursday. | BLOOMBERG Bloomberg Jul 1, 2021 Helping big polluters transform into greener enterprises is one ...

MUFJ board beats back climate resolution as activists falter in Japan Today 06:00 am JST Today | 06:37 am JST TOKYO Mitsubishi UFJ Financial Group shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment. Activist investors in Europe and the United States trying to halt climate change have successfully compelled companies to divest...

Aaron SheldrickTakashi Umekawa 2 minute read People queue inside a branch of the Mitsubishi UFJ (MUFJ) Financial Groups bank of Tokyo-Mitsubishi UFJ in Tokyo, Japan, February 1, 2016. REUTERS/Yuya Shino/File Photo TOKYO, June 29 (Reuters) - Mitsubishi UFJ Financial Group (8306.T) shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment. Activist inve...

By Takashi Umekawa and Aaron Sheldrick TOKYO, June 29 (Reuters) - Mitsubishi UFJ Financial Group shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment. Activist investors in Europe and the United States trying to halt climate change have successfully compelled companies to divest their fossil fuel holdings but the tactic has failed in Japan so far...