Toshiba retreats from coal-fired power stations
Japanese engineering giant Toshiba will minimize constructing new coal-fired power plants and shift to renewable energy in a bid to reduce greenhouse gas emissions, a spokeswoman said Wednesday.
"We still have ongoing projects, but we've decided to withdraw from building new coal-powered plants," company spokeswoman Yoko Takagi told AFP.
Toshiba, which currently has around 10 coal-fired station projects under way worldwide, is a major global player in the power sector.
The business will instead increase investment in renewable energy, including parts for offshore wind-power facilities and research and development for next-generation solar batteries, the spokeswoman said.
The announcement comes after Prime Minister Yoshihide Suga set a 2050 deadline for the world's third-largest economy to become carbon-neutral.
His announcement fourteen days ago firmed up the country's previous climate change commitments as it plays catch-up with pledges made by other major economies.
"Society is moving towards carbon-neutral power," the Toshiba spokeswoman said, noting the firm in addition has set its own goal of slashing greenhouse gas emissions by 80 percent by 2050.
Germany's Siemens Energy and General Electric of the U.S. have both made similar commitments to withdraw from coal-fired power stations.
Japan, that is a signatory to the Paris climate change agreement, was the sixth-biggest contributor to global greenhouse emissions in 2017, according to the International Energy Agency.
It has struggled to cut carbon emissions after shutting down reactors following the 2011 meltdown at the Fukushima nuclear power plant.
Reliance on fossil fuels like coal increased after that, as public anger over the accident pushed each of the country's reactors offline temporarily.
Japan's 140 coal-fired power plants provide practically a third of its total electricity generation.
Coal is the second-biggest power-generation method behind LNG-fired plants, which provide 38 percent of the country's needs.
Source: japantoday.com
