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Asia snubs IEA's call to stop new fossil fuel investments
www.reuters.com/business/energy/asia-snubs-ieas-call-stop-ne...
Asian energy officials on Wednesday disputed the International Energy Agency's (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow....

Akihisa Matsuda, the deputy director of international affairs at Japan's Ministry of Economy, Trade and Industry (METI), said the government has no plans to immediately stop oil, gas and coal investments...."Japan needs to protect its energy security including a stable supply of electricity, so we will balance this with our goal of becoming carbon neutral by 2050."....

In the Philippines, where coal is set to be the dominant power source for years even after a ban on new coal plant proposals, Energy Secretary Alfonso Cusi said the energy transition should be "fuel and technology-neutral". Cutting finance for oil, gas and coal without considering efficiency and competitiveness would "set back the Philippines' aspiration to join the ranks of upper middle-income countries," he said.

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