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Environment

Toshiba stops taking orders for coal-fired power plants

Company plans to boost renewables investment fivefold as Japan targets zero emissions

Toshiba is ditching its coal-related businesses for cleaner sources of energy. (Source photos by AFP/Jiji and AP) 

TOKYO -- Toshiba will stop taking orders for new coal-fired power plants, moving in line with a global shift toward reducing carbon emissions, Nikkei learned on Tuesday,

Shifting its priority in the energy business to renewables, the Japanese industrial group will increase annual investment in them roughly fivefold to 160 billion yen ($1.52 billion) by fiscal 2022.

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