Gasoline prices soared to a seven-year high this month and the government is expecting the tightest power supply in a decade this winter.
Measures such as preventing deforestation or supporting renewable energy projects actually do little to extract additional carbon from the air, and shouldn’t contribute to net-zero claims.
China’s push to reduce carbon emissions is providing a tailwind for steel producers worldwide as it limits output from the country and pushes down the cost of key ingredient iron ore.
Japan has a long way to go to wean itself off coal and natural gas, which is used to generate more than 70% of its electricity.
Producers of the lightweight metal are increasingly calling the shots in pricing talks with Japanese buyers, as demand climbs amid a tightening global market.
A huge gap has been created between international and domestic steel prices, and Nippon Steel Corp. risks falling behind, the firm's executive vice president, Takahiro Mori, has said.
Taking steps toward decarbonization is one of the pillars of Nippon Steel’s mid-term business plan starting April, the firm said.
Koike and other prefectural leaders have urged older people and people with underlying health issues — and those living with them — to don masks at home during the New Year break.
In the last two weeks, Nippon Steel has announced plans to reopen at least three blast furnaces as demand for steel recovers.
Japan’s oldest steel mill is venturing into recycling the industrial metal to tackle climate change and survive a race with Chinese mills. Nippon Steel Corp. has been making steel from mined iron and coal in blast furnaces for more than a century. But as competition ...