Over 80 NGOs have signed a letter demanding the G7 end financing fossil fuels by 2017. The letter asks that Japan shift entirely from fossil fuel and nuclear energy and move to renewable energy immediately. The letter calls on Japan to announce a G7-wide initiative to end fossil fuel financing entirely. According to the NGO group, Japan is the largest foreign financier of coal, providing over $20 billion between 2007 and 2014.
The letter was signed by a wide range of environmental NGOs including CAN International, Greenpeace International, Friends of the Earth International as well as 350.org International and Japan, the Sierra Club and Rainforest International amongst others. It was delivered as G7 Finance Ministers meeting ahead of the G7 Leader’s Summit next week.
“Japan’s own government research shows that the country is rich in clean, renewable resources,” said Kate DeAngelis, international policy analyst at Friends of the Earth U.S stated in a Friends of the Earth International press statement. “Instead of taking advantage of these resources and encouraging the rest of the world to transition to renewables, Japan has doubled down on dirty coal and gas. Hosting the G7 provides Japan with an opportunity to change course and commit to replacing its dangerous fossil fuel financing with resources for renewables.”
NGOs also held rallies in front of government offices on Thursday 19th May which were covered by Bloomberg News.