JAPAN COAL WILL DOWN

The fifth strategic energy plan approved by the cabinet in July 2018 promotes conversion to high efficiency and next-generation coal-fired power generation in Japan in return for phasing out inefficient coal use.

METI on April 9 approved the policy draft, including setting a new regulatory target to raise Japan's efficiency in coal-fired power generation to 43% from 41% currently by amending the country's energy conservation act, which would effectively help phase out the country's inefficient coal-fired power plants.

METI has cited the need for Japan to move on reducing its power generation from inefficient coal-fired plants to close to zero to achieve its target of a 26% share for coal in its energy mix in fiscal 2030-31, as there are some new efficient plants under construction.

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