Land of the Rising Sun and Offshore Wind. The economic viability of new and existing coal in Japan could be severely undermined by cheap renewables and, without policy reform, could result in US$71 billion of stranded assets. In this report, we analyse the financial and economic viability of new and existing coal power investments in Japan. In doing so, it aims to shine a spotlight on the risks associated with investing and operating coal power in Japan. Japan’s policymaking is gradually becoming more ambitious with regards to climate change, despite still investing in and supporting coal power.
Carbon Tracker 6th Oct 2019 read more »