Japan's mega banks vow not to finance new coal plants
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Japan's mega banks commit to varying degrees to stop financing new coal power projects as pressure mounts on the world's third-largest economy to take stronger climate action.
PHOTO: NOBLE GROUP
Walter Sim Japan Correspondent In Tokyo, Walter Sim
Japan's mega banks have announced commitments of varying degrees to stop financing new coal power projects as global pressure mounts on the world's third-largest economy to take stronger climate action.
The country's second and third-largest lenders - Mizuho Financial Group and Sumitomo Mitsui Financial Group (SMBC) - unveiled their pledges last week.
