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Japan's Mitsubishi Financial Group Has Decided to Suspend Investment and Financing for New Coal Power Plant

Release date:2021-06-16 Source:Raytech Pageviews:-

Climate change is closely linked to economic and social issues and is widely recognized as an important issue that needs to be addressed from a medium and long-term perspective. 

In the energy sector, coal-fired power generation has a large greenhouse gas emission compared to other power generation methods, and emits sulfur oxides, nitrogen oxides and other harmful substances in power generation. This has led to the greenhouse effect and air pollution, and there are growing demands around the world for the total abolition of coal-fired power generation.

At this stage, the financing policies of Japanese big banks are only to invest and lend to projects with lower greenhouse gas emissions such as solar projects. With the launch of the Paris Agreement and SDGs ratified by the Japanese government, the financing organizations announced in April 2020 that they would implement stricter policies. However, this restriction on financing, only for future financing constraints, does not include previously financed projects.

Ningbo Raytech New Energy Materials Co., Ltd. specializes in double glass solar modules and bifacial solar modules manufacturing. The company has independent product R&D teams, national key laboratory and 1.2GW full-automatic manufacturing line. Raytech Double-glass modules come with 12-year product warranty and 30-year performance warranty (2 years and 5 years longer than industry's standard product / performance warranty respectively).

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