Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Banking > U.S. climate envoy Kerry visits Japan, China for talks on emissions
    Banking

    U.S. climate envoy Kerry visits Japan, China for talks on emissions

    U.S. climate envoy Kerry visits Japan, China for talks on emissions

    Published by maria gbaf

    Posted on August 31, 2021

    Featured image for article about Banking

    (Corrects paragraph 1 to say Tianjin, not Beijing)

    TOKYO (Reuters) – U.S. climate envoy John Kerry arrived in Tokyo for talks on Tuesday with Japanese Prime Minister Yoshihide Suga and other officials on cooperation on carbon emissions and cutting support for fossil fuels, especially coal, before heading to Tianjin.

    Talks in the two Asian economic powerhouses will be “to engage with international counterparts on efforts to address the climate crisis,” the U.S. State Department said in a statement on Monday, Washington time.

    The former secretary of state has led U.S. efforts to convince the global community of the threat of climate change and urge the acceleration of efforts to curb carbon emissions. The U.S. push comes in advance of the U.N. COP26 climate conference, which will be held in Scotland later this year.

    In Japan, discussions are likely to focus on the country’s continued support for coal, the dirtiest fossil fuel. Japan is the only G7 country building coal-fired power stations as it struggles with the aftermath of the Fukushima nuclear disaster, which led to the shutdown of most of the country’s reactors.

    Kerry’s visit to Japan and China comes after the U.S. Treasury said earlier this month the United States would oppose most involvement of multilateral development banks like the World Bank in fossil fuel projects.

    Discussions in Tokyo are also likely to focus on plans by the Asian Development Bank (ADB) to organise and develop a scheme to acquire coal-fired power plants and shut them down early.

    The effort, first reported by Reuters, includes British insurer Prudential PLC, lenders Citigroup Inc and HSBC Holdings PLC and BlackRock Real Assets, with ambitions for an initial purchase in 2022.

    Japan is the largest shareholder of the ADB and support from Tokyo will be crucial to any success for the plans.

    China, the United States and Japan are the world’s biggest, second- and fifth-biggest carbon emitters.

    On his trip to China, Kerry will look to build on commitments he helped secure during his visit in April, when the two countries agreed to cooperate to curb climate change with urgency.

    China has pledged to “enhance ambition” on curbing climate change, and is set to announce new measures before the end of the year.

    Activists are watching for any new pledge on coal, with many hoping that Beijing will stop financing overseas coal-fired power plants.

    Amid political tension between the two sides, the United States has tried to ring fence climate issues and Kerry has no remit to discuss any other topics with China.

    (Reporting by Eric Beech in Washington, Aaron Sheldrick, Kiyoshi Takenaka and Yuka Obayashi in Tokyo, David Stanway in Shanghai; Editing by Peter Cooney and Christopher Cushing)

    (Corrects paragraph 1 to say Tianjin, not Beijing)

    TOKYO (Reuters) – U.S. climate envoy John Kerry arrived in Tokyo for talks on Tuesday with Japanese Prime Minister Yoshihide Suga and other officials on cooperation on carbon emissions and cutting support for fossil fuels, especially coal, before heading to Tianjin.

    Talks in the two Asian economic powerhouses will be “to engage with international counterparts on efforts to address the climate crisis,” the U.S. State Department said in a statement on Monday, Washington time.

    The former secretary of state has led U.S. efforts to convince the global community of the threat of climate change and urge the acceleration of efforts to curb carbon emissions. The U.S. push comes in advance of the U.N. COP26 climate conference, which will be held in Scotland later this year.

    In Japan, discussions are likely to focus on the country’s continued support for coal, the dirtiest fossil fuel. Japan is the only G7 country building coal-fired power stations as it struggles with the aftermath of the Fukushima nuclear disaster, which led to the shutdown of most of the country’s reactors.

    Kerry’s visit to Japan and China comes after the U.S. Treasury said earlier this month the United States would oppose most involvement of multilateral development banks like the World Bank in fossil fuel projects.

    Discussions in Tokyo are also likely to focus on plans by the Asian Development Bank (ADB) to organise and develop a scheme to acquire coal-fired power plants and shut them down early.

    The effort, first reported by Reuters, includes British insurer Prudential PLC, lenders Citigroup Inc and HSBC Holdings PLC and BlackRock Real Assets, with ambitions for an initial purchase in 2022.

    Japan is the largest shareholder of the ADB and support from Tokyo will be crucial to any success for the plans.

    China, the United States and Japan are the world’s biggest, second- and fifth-biggest carbon emitters.

    On his trip to China, Kerry will look to build on commitments he helped secure during his visit in April, when the two countries agreed to cooperate to curb climate change with urgency.

    China has pledged to “enhance ambition” on curbing climate change, and is set to announce new measures before the end of the year.

    Activists are watching for any new pledge on coal, with many hoping that Beijing will stop financing overseas coal-fired power plants.

    Amid political tension between the two sides, the United States has tried to ring fence climate issues and Kerry has no remit to discuss any other topics with China.

    (Reporting by Eric Beech in Washington, Aaron Sheldrick, Kiyoshi Takenaka and Yuka Obayashi in Tokyo, David Stanway in Shanghai; Editing by Peter Cooney and Christopher Cushing)

    Related Posts
    CIBC wins two Global Banking and Finance Awards for student banking
    CIBC wins two Global Banking and Finance Awards for student banking
    DeFi and banking are converging. Here’s what banks can do.
    DeFi and banking are converging. Here’s what banks can do.
    Are Neo Banks Offering Better Metal Debit Cards Than Traditional Banks?
    Are Neo Banks Offering Better Metal Debit Cards Than Traditional Banks?
    Banking at the Intersection: From Nashville to Cannes, A Strategic Call to Action
    Banking at the Intersection: From Nashville to Cannes, A Strategic Call to Action
    Driving Efficiency and Profit Through Customer-Centric Banking
    Driving Efficiency and Profit Through Customer-Centric Banking
    How Ecosystem Partnerships Are Redefining Deposit Products
    How Ecosystem Partnerships Are Redefining Deposit Products
    CIBC Private Banking wins four 2025 Global Banking & Finance Awards
    CIBC Private Banking wins four 2025 Global Banking & Finance Awards
    How Banks Can Put AI to Work Now and Prove ROI in 90 Days
    How Banks Can Put AI to Work Now and Prove ROI in 90 Days
    Top 5 AI quality assurance framework providers for Banks and Financial Services firms.
    Top 5 AI quality assurance framework providers for Banks and Financial Services firms.
    The Unbanked Paradox: How Banking Access Creates Economic Resilience
    The Unbanked Paradox: How Banking Access Creates Economic Resilience
    Hyper-Personalised Banking - Shaping the Future of Finance
    Hyper-Personalised Banking - Shaping the Future of Finance
    The End of Voice Trust: How AI Deepfakes Are Forcing Banks to Rethink Authentication
    The End of Voice Trust: How AI Deepfakes Are Forcing Banks to Rethink Authentication

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Banking

    Explore more articles in the Banking category

    Predicting and Preventing Customer Churn in Retail Banking

    Predicting and Preventing Customer Churn in Retail Banking

    Growth and Impact: Banreservas Leads Dominican Republic Economic Expansion

    Growth and Impact: Banreservas Leads Dominican Republic Economic Expansion

    Turning Insight into Impact: Making AI and Analytics Work in Retail Banking

    Turning Insight into Impact: Making AI and Analytics Work in Retail Banking

    KeyBank Embraces Next-Generation AI Platform to Transform Fraud and Financial Crime Prevention

    KeyBank Embraces Next-Generation AI Platform to Transform Fraud and Financial Crime Prevention

    Understanding Association Banking: Financial Solutions for Community Success

    Understanding Association Banking: Financial Solutions for Community Success

    Applying Symbiosis for advantage in APAC banking

    Applying Symbiosis for advantage in APAC banking

    AmBank Islamic Berhad Earns Triple Recognition for Excellence in Islamic Banking

    AmBank Islamic Berhad Earns Triple Recognition for Excellence in Islamic Banking

    FinTok Strategy: How Banks Are Reaching Gen Z Through Social Media

    FinTok Strategy: How Banks Are Reaching Gen Z Through Social Media

    Rethinking Retail Banking Sustainability: Why the ATM is an Asset in the Sustainable Transition

    Rethinking Retail Banking Sustainability: Why the ATM is an Asset in the Sustainable Transition

    How private banks can survive the neo-broker revolution

    How private banks can survive the neo-broker revolution

    Next-Gen Bank Branches: The Evolution from Transaction Hubs to Experience Centers

    Next-Gen Bank Branches: The Evolution from Transaction Hubs to Experience Centers

    The Banking Talent Crunch: How Financial Institutions Are Competing for Digital-Native Skills

    The Banking Talent Crunch: How Financial Institutions Are Competing for Digital-Native Skills

    View All Banking Posts
    Previous Banking PostSoftbank-backed ride-sharing company Ola readies for up to $1 billion India IPO -sources
    Next Banking PostExit game: Central banks’ shift from crisis policies gathers momentum