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Japan Pulls Back from Coal, Though New Plants Move Forward

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Japan Pulls Back from Coal, Though New Plants Move Forward
Japanese financial institutions and energy companies continue to move away from supporting coal-fired power generation, as the country’s leadership reiterates what it says is an “unwavering resolve to decarbonize.” Several of the country’s investment banks and other financial institutions have signaled their unwillingness to continue support of coal projects, and energy major Mitsubishi in late February said it is pulling out of the $2 billion, 2-GW coal-fired Vinh Tan 3 power plant project in Vietnam, marking its first exit from a coal project. Mitsui & Co. has told Indonesian officials it plans to sell its stake in Paiton Energy, an independent power producer in Indonesia that operates coal-fired plants ....

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Legal challenges block natural gas investment - VnExpress International

Legal challenges block natural gas investment
By Dat Nguyen January 25, 2021 | 03:33 pm GMT+7
An LNG tanker seen in Japan. Photo by Shutterstock/VladSV.
Unresolved regulatory obstacles are preventing investors in liquefied natural gas (LNG) from replicating the success of renewable energy in Vietnam, a report says.
Although at least 30 LNG-fueled projects with capacity of nearly 93 gigawatts have been proposed by investors and local authorities, only nine have been formally approved for the power master plan, according to a report by U.S.-based Institute for Energy Economics and Financial Analysis (IEEFA).
None of these LNG projects have begun construction or finalized power purchase agreements with state utility Vietnam Electricity (EVN). ....

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