One of the world’s biggest power plant developers is giving up on coal
![One of the world’s biggest power plant developers is giving up on coal](https://gbrifoundation.org/wp-content/uploads/2018/09/Coal-powered-plant.jpg)
As the world is slowly but surely transitioning from fossil fuels to renewable sources of energy, Japanese energy company Marubeni – one of world’s biggest power plant developers – also announced that it will not build any more coal-powered plants. Instead, the company plans to double the sustainable energy capacity of its net power supply from 10% to 20% by 2023.
According to Japanese newspaper Nikkei, the company plans to avoid job loss by reassigning their employees currently working on coal-related projects to their renewable energy initiatives as they develop.
“Marubeni Corporation recognizes that climate change is a major issue shared by all of humanity,” said the company in a statement detailing their new initiative. “It is a problem that threatens the co-existence of the global environment and society, a problem that has an enormous effect on Marubeni’s business and its shareholders, and a problem that Marubeni believes must be dealt with swiftly.”
Read more here: https://www.goodnewsnetwork.org/one-of-the-worlds-biggest-power-plant-developers-just-gave-up-on-coal/