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Two European asset managers ask J-Power to disclose emissions reduction goals

Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co Ltd.

Electric Power Development : Japan s J-Power plans to cut CO2 emissions by 40% by 2030

Message : Required fields TOKYO (Reuters) - Japan s Electric Power Development (J-Power) said on Friday it plans to cut CO2 emissions by 40% by 2030 by shutting old coal-fired power plants and upgrading some existing plants with advanced technology such as gasification. J-Power, the country s biggest coal-fired power generator, also aims to be carbon neutral by 2050, in line with the Japanese government s pledge, by expanding the use of hydrogen. While suspending operation of older thermal power stations by 2030, the company will expand its renewable energy capacity by 1 gigawatt (GW) by March 2026 from 9 GW as of March 2018 which is mostly comprised of hydro power.

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