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Climate Change

Mitsubishi Corp. to boost renewable energy in power generation business

Japanese trading house to double share of green energy to 60% by FY2030

Mitsubishi Corp. plans to increase investment in solar and wind power at home and abroad. (Source photo by Reuters)

TOKYO -- Japanese trading house Mitsubishi Corp. is set to increase the share of renewable energy sources in its power generation business from the current 30% to over 60% by its 2030 fiscal year, bringing one of its most important businesses in line with the government's latest efforts to reduce greenhouse gas emissions.

The company will increase investment in solar and wind power at home and abroad, while gradually reducing coal-fired power generation to zero by 2050.

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