Japan to oppose new or expanded coal-fired power plants in blow to Australian exports

Japan’s environment minister has announced he will “in principle” oppose any new plans to build or expand coal-fired power stations, as further signs emerge of a dramatic energy pivot by Australia’s top export market for thermal coal. Guardian Australia reported in March that Japan had cancelled a large percentage of planned investments in coal-fired power, while Japanese investment vehicles were ditching coal projects and instead seeking to back large-scale renewable projects across Asia.
Read more: https://www.theguardian.com/environment/2019/mar/31/japans-environment-minister-to-oppose-any-new-or-expanded-coal-fired-power-plants?source=Snapzu