Top Posts
African climate change projects secure major funding
Former French PM urges China, Europe to unite...
NDDC, FOSDO launch tree-planting campaign to address climate...
WHO unveils an ambitious blueprint for action on...
New report shows nearly 900 million poor people...
Lagos to Host 2025 International Climate Change Summit
New study shows overheating world will add 57...
NAICOM urges W’African insurers to invest in climate...
Climate change: Nigeria, development partners launch Net Zero...
Nigeria launches net zero project to fight climate...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Mitsubishi make big investment in carbon credit while keeping coal plants

by Matthew Eloyi April 27, 2023
written by Matthew Eloyi April 27, 2023
642

Mitsubishi, a Japanese business, has made a significant investment in carbon credits from projects that would capture and store carbon dioxide.

In order to purchase almost 200,000 tonnes of carbon dioxide removal credits from technological, or about a fourth of all such purchases to date, the corporation has partnered with carbon offset supplier South Pole.

These credits are expected to fetch millions of dollars when sold. They have already been committed to by organizations including UBS bank, Mitsui shipping line, and Bosting Consulting Group.

Read Also: Asia must quit coal faster to stem worst climate woes, ADB warns

However, New Climate Institute researcher, Takeshi Kuramochi, who has studied carbon capture, said that Mitsubishi’s involvement was “disturbing”.

“If Mitsubishi is to strengthen its ‘commitment to the sustainable future’, they would better contribute to [emissions reductions] by first accelerating its transition of fossil fuel-heavy energy business to renewables,” he said.

According to Global Energy Monitor, Mitsubishi currently operates nine coal power stations in Japan and Taiwan, and is building two in Vietnam and two in Indonesia.

Story was adapted from Climate Home News

Carbon creditCoal plantsMitsubishi
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Asia must quit coal faster to stem worst climate woes, ADB warns
next post
NEMA cautions Lagos residents on safety amidst heavy downpour

Related Posts

Former French PM urges China, Europe to unite...

October 22, 2025

WHO unveils an ambitious blueprint for action on...

October 20, 2025

New report shows nearly 900 million poor people...

October 20, 2025

New study shows overheating world will add 57...

October 16, 2025

Heaviest monsoon in a decade kills 458 people...

October 9, 2025

Council releases first fully electric bin lorry

October 9, 2025

Study shows US asthma inhalers produce same emissions...

October 7, 2025

Pope Leo hits out at climate change critics

October 3, 2025

Protesters seek $5tr payment from fossil fuel companies

October 1, 2025

UN official says climate change displaces up to...

September 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World