Guardian Australia reported in March that Japan had cancelled a large percentage of planned investments in coal-fired power , while Japanese investment vehicles were ditching coal projects and instead seeking to back large-scale renewable projects across Asia. Market analysts expect the price of thermal coal will remain dictated by China, whose recent restrictions on Australian exports have already tempered near-record prices, and would likely continue to reduce its value. The resources sector believes forecasts for slowing demand in north and east Asia will be offset by growth in demand in parts of south Asia and south-east Asia. But the financing of new coal-fired projects in developing Asia will likely come from investment vehicles based in China, Japan and Korea, and be closely linked to domestic policy in those countries. Late last week, three separate announcements added to a growing belief that a renewed, positive focus on the Paris goals is emerging in Japan, among government and large corporations.
Japan to oppose new or expanded coal-fired power plants in blow to Australian exports
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