Japan’s Toshiba retreats from coal-fired power stations

TOKYO: Japanese engineering giant Toshiba will not build any more coal-fired power plants and will shift to renewable energy in a bid to reduce greenhouse emissions, the company’s president said Wednesday.

But none of its existing coal-power construction projects will be scrapped, said the firm, which has around 10 underway worldwide.

“We will stop accepting new orders to build coal-fired plants, and seek to cut greenhouse gas emissions by 50 percent by 2030,” Toshiba’s president Nobuaki Kurumatani told reporters.