Financing Climate Change and Nuclear Risk
Energy Finance in Japan 2018 is an updated edition of a quantitative and representative analysis of private Japanese financial institution’s support for fossil fuel and nuclear power companies.
Financial databases were used to calculate all known corporate loans, underwritings, bondholdings, and shareholdings from 151 financial groups and their subsidiaries provided to selected 26 Japanese companies involved in coal development, fossil fuels, and nuclear power over the period of January 2013 to July 2018.
Of the 151 financial institutions researched, 38 did not provide any financing to the 26 Japanese companies involved in coal development, fossil fuels, and nuclear power selected for the report.
“Climate change is a tragedy of the horizon which imposes a cost on future generations that the current one has no direct incentive to fix. The catastrophic impacts of climate change will be felt beyond the traditional horizons of most actors. Once climate change becomes a clear and present danger to financial stability it may already be too late to stabilise the atmosphere at two degrees.”
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