Finance Businesses Moving To Phase Out Coal

Finance businesses moving to phase out coal

Japanese financial companies are moving to stop investing in or financing coal-fired power stations, in an effort to help reduce greenhouse gas emissions.

A major non-life insurance company, Sompo Japan Insurance, plans to end investment and financing for the construction of new fossil fuel power plants, which are inefficient and emit large amounts of carbon dioxide.

Govt. To Tighten Exports Of Coal Power Systems

Govt. to tighten exports of coal power systems

The Japanese government plans to tighten conditions to export coal power generation systems. It will only allow export of systems that meet the strictest environmental standards.

The government compiled an outline of its new strategy to step up infrastructure related exports on Thursday.

Japan To Shift From Coal To Renewable Energy

Japan to shift from coal to renewable energy

Japan's industry minister says his ministry plans to study drawing up a roadmap to reduce coal-fired power generation, while aiming to accelerate a shift toward renewable energy.

Kajiyama Hiroshi was speaking to reporters on Friday about the ministry's drastic review of energy generation.

Japan To Cut Coal-fired Power Generation By 90%

Japan to cut coal-fired power generation by 90%

Japan's government plans to reduce coal-fired power generation by about 90 percent by fiscal 2030.

Coal-fired power plants are under review worldwide for their huge emissions of carbon dioxide. Countries are being urged to achieve a carbon-free society under the 2015 Paris Agreement on climate change.