Time for Japan to stop funding coal power in Bangladesh

Non-governmental organizations have filed a formal complaint against the Japan International Cooperation Agency – the first of its kind – to the US Securities and Exchange Commission (SEC). The complaint addresses JICA’s false assertion that its bond issued on US markets was free from involvement in coal-fueled power generation, when in fact its plans involve continuing to fund coal-fired power plants in Bangladesh.

While climate impacts are already ravaging that country (in May 2020, Cyclone Amphan caused widespread damage and forced the relocation of 2 million people), JICA has announced plans to fund Phase 2 of the 1,200-megawatt Matarbari coal plant, highlighting the economic development outcomes that will come with the project. 

Located on a densely populated island in Cox’s Bazar district that is home to 100,000 people, the Matarbari coal plant will bring devastation to the community instead of the development that JICA has promised.

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