Without funding from Japan, many of Australia’s gas projects wouldn’t have gone ahead. Massive public loans from Japanese taxpayers are propping up Australia’s now-enormous fossil gas industry. Japan is also becoming a major gas trader and today exports more gas to other countries than it imports from Australia.
Even as the world rapidly shifts to a clean energy future, Japan is emerging as a fossil fuel holdout. The world’s fourth biggest economy, Japan has long been dependent on foreign sources of fossil fuels. Even as China has filled its deserts with solar farms, Japan has focused on gas.
