Extreme Temperature Diary- Sunday June 4th, 2023/Main Topic: ‘Utterly Absurd’: Rich Nations Spending Climate Dollars on Coal Projects

The main purpose of this ongoing blog will be to track planetary extreme, or record temperatures related to climate change. Any reports I see of ETs will be listed below the main topic of the day. I’ll refer to extreme or record Main Topic: Canada Is Burning This Week Due to Climate Change as ETs (not extraterrestrials).😉

Main Topic: ‘Utterly Absurd’: Rich Nations Spending Climate Dollars on Coal Projects

Dear Diary. Given the nature of human corruption, I’m not surprised at the following short report. Please continue to protest and hold governments into account when news outlets report on such egregious findings, such as money deemed towards going to save our planet instead going to coal projects and even such things as chocolate shops. What’s even more scary is what might go on behind the scenes underneath everyone’s radar.

Here is that report from Common Dreams:

Activists including members of frontline communities protest Japanese financing of international fossil fuel projects including coal plants in Matarbari, Bangladesh and Indramayu, Indonesia on October 4, 2021 in Tokyo. (Photo: @market_forces/Twitter)

‘Utterly Absurd’: Rich Nations Spending Climate Dollars on Coal Projects and Chocolate Shops

“Essentially, whatever they call climate finance is climate finance,” said one developing nation’s lead climate negotiator.


Jun 02, 2023

Wealthy nations are spending money under the guise of “climate finance” to fund projects that have little or nothing to do with tackling the climate crisis and—as in the case of three Japanese-backed coal plants—are sometimes fueling the planetary emergency, according to a Reutersinvestigation published Thursday.

While media outlets including Reuters have recently reported that rich countries are on track—albeit long overdue—to finally meet their 2009 pledge to invest $100 billion annually in climate financing by 2020, the new Reuters investigation shows that governments are funding climate-harming projects and counting the expenditures toward their giving total.

“This is the wild, wild West of finance,” Mark Joven, an undersecretary in the Philippines Department of Finance and the country’s lead climate negotiator, told Reuters. “Essentially, whatever they call climate finance is climate finance.”

The Japanese government has lent at least $9 billion for projects that are dependent upon fossil fuels. These include a 1,200-megawatt coal-fired power plant in Matarbari, Bangladesh, coal plants in Vietnam and Indonesia, and a new terminal at Egypt’s Borg al-Arab Airport. The Matarbari plant is expected to add 6.8 million tons of carbon dioxide to the Earth’s atmosphere every year, while the airport terminal is forecast to increase outbound flight emissions by about 50% over 2013 levels.

Japanese officials have attempted to justify the investments by portraying the coal plant as an improvement because it uses Japanese technology that generates more energy with less coal, while calling the new terminal an “Eco-Airport” replete with energy-saving solar panels, high-efficiency air conditioning, and LED light bulbs.

However, Wayne King, director of climate change for the Cook Islands—a self-governing South Pacific nation in free association with New Zealand—took exception with Japan’s characterization.

“Basically, that’s a development project,” King said of the Egyptian airport project. “You can’t count it, because the motivation is wrong.”

Other examples of questionable climate financing in the Reuters report include an agreement by the United States to loan $19.5 million to the developers of a Marriot hotel in Cap-Haïtien, Haiti; a Belgian backing of an Argentinian film about a man who works to destroy forests for a paper company before falling in love with an environmental activist; and a $4.7 million Italian investment in a chain of chocolate and gelato shops across Asia.

According to the report:

Some countries count projects that never happened toward climate finance goals. France reported a $118.1 million loan to a Chinese bank for environmental initiatives, as well as loans totaling $267.5 million for upgrades to a metro system in Mexico and $107.6 million for port improvements in Kenya. Each project was subsequently canceled with no funds paid out, according to the French Development Agency. Similarly, the U.S. reported $7 million in insurance coverage for a hydropower project in South Africa that never happened.

Iqbal Kabir, an official in the Bangladeshi Ministry of Health and Family Welfare, told Reuters that “people deserve more” than the misallocation of climate funds for projects like coal plants, while criticizing countries that are “spending [climate funds] on other projects, depriving the issues like women’s health, children’s health, and salinity intrusion.”

Matthew Samuda, a minister in Jamaica’s Ministry of Economic Growth and Job Creation, added that “if we are telling ourselves we are spending money and investing in our future in a way that we are not, then we are courting disaster.”

Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.


Brett Wilkins is a staff writer for Common Dreams.

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Very much related:

Here are some “ET’s” recorded from around the planet the last couple of days, their consequences, and some extreme temperature outlooks, as well as any extreme precipitation reports:

Here is more new May 2023 climatology:

Here is more climate and weather news from Sunday:

(As usual, this will be a fluid post in which more information gets added during the day as it crosses my radar, crediting all who have put it on-line. Items will be archived on this site for posterity. In most instances click on the pictures of each tweet to see each article. The most noteworthy items will be listed first.)

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