General News

Katowice, December 5, 2018 While the latest IPCC and UN Emissions Gap reports both issue stark warnings on the need for an accelerated phase-out of coal power, the global coal plant fleet is still expanding. At today’s press conference during the UN Climate Summit in Katowice, Urgewald, BankTrack and 26 NGO partners released new research identifying the banks and investors backing a frightening pipeline of new coal projects. “In the 3 years since the Paris Climate Agreement was signed, coalfired capacity has grown by over 92,000 MW, and coal plants totaling over 670,000 MW are still in the pipeline,” warns Heffa Schuecking, director of the German NGO Urgewald.

The global development agenda is at a pivotal point. The Sustainable Development Goals (SDGs) have set new development aspirations, and the Paris Agreement has raised ambitions for addressing climate change.

Following the introduction to a multi-consortium initiative known as Shift SEA, with a focus on Indonesia, Philippines and Vietnam, the panelists will share their national context, progress-to-date and plans for next year.

Two pollutants were found to cause an average 1.1 million premature deaths in the country each year and are destroying 20 million tonnes of rice, wheat, maize and soybean.

Marubeni Corporation (hereinafter, “Marubeni”) recognizes that climate change is a major issue shared by all of humanity. It is a problem that threatens the co-existence of the global environment and society, a problem that has an enormous effect on Marubeni’s business and its shareholders, and a problem that Marubeni believes must be dealt with swiftly. Therefore, as part of Marubeni’s promotion of sustainable management, and in order to contribute fight global climate change, Marubeni has established new business policies (hereinafter, “Policies”) regarding its coal-fired power generation business and its renewable energy generation business.

Deadline has been extended to 14 August 2018