Mizuho will finance coal power plants to close ahead of schedule in Southeast Asia. (Photo: iStock)
Mizuho Financial Group in Japan has announced a relaxation of investment restrictions on coal-fired power plants. Starting in July, the group will provide financing to assist the early decommissioning of power plants in Southeast Asian countries, becoming one of the pioneers among major Japanese banks. However, the energy transition in Southeast Asia is progressing slowly. Indonesian officials have stated bluntly that it is currently not feasible to completely remove coal from their energy system.
