NEWSWORTHY

Marubeni to halve coal-fired power capacity by 2030

/ Sep 19, 2018

Marubeni to halve coal-fired power capacity by 2030

Marubeni Corp. said it would no longer start new coal-fired power plant projects and will halve its net coal power-generating capacity of about 3 gigawatts by 2030 to cut greenhouse gas emissions and tackle global climate change. "As a general principle, Marubeni will no longer ...

Seoul reports on illegal imports of North Korean coal

Aug 10, 2018

Seoul reports on illegal imports of North Korean coal

South Korea said a total of 35,000 tons of North Korean coal and pig iron worth $5.8 million illegally entered its ports last year, in possible violations of U.N. sanctions. Reporting on preliminary results from a 10-month investigation, the Korea Customs Service said Friday it ...

Nippon Life to stop financing coal-fired power

Jul 24, 2018

Nippon Life to stop financing coal-fired power

by Taiga Uranaka

Nippon Life Insurance Co. will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major domestic institutional investor. Japanese banks in recent months have ...

Asia's power grids stretched by deadly heat wave

Jul 24, 2018

Asia's power grids stretched by deadly heat wave

A deadly heat wave across Asia is stretching electricity grids from southern China to Tokyo and Seoul, sending prices to multiyear highs and sparking warnings of more power stress to come. Japan on Monday breached records above 41 degrees as the heat blamed for dozens ...