As much as $71 billion of Japanese coal assets could be at risk as the economic viability of plants is undermined by cheaper renewable energy, research by the University of Tokyo, Carbon Tracker and the Carbon Disclosure Project showed on Sunday. The report, called Land of the Rising Sun and Offshore Wind, used project financial models to analyse the economics of new and existing coal plants in Japan. It found that Japan’s planned and existing coal capacity could be jeopardised by low utilisation rates and cheaper renewable energy, namely onshore and offshore wind and large-scale solar photovoltaics (PV). …read more
Source:: Yahoo Finance
