Japan allows more coal-fired power to tackle energy shock

The country will permit less-efficient coal facilities to participate in capacity market auctions in the fiscal year starting in April, according to documents from a panel meeting at the trade ministry on Friday. Such plants had earlier been restricted from the auctions - where generators sell supply - as part of efforts to tackle climate change.

Key takeaways

Quick scan — what you need to know:

• The country will permit less-efficient coal facilities to participate in capacity market auctions in the fiscal year starting in April, according to documents from a panel meeting at the trade…
• Such plants had earlier been restricted from the auctions - where generators sell supply - as part of efforts to tackle climate change.

Background

What led here, in plain terms:

• y on Friday. Such plants had earlier been restricted from the auctions - where generators sell supply - as part of efforts to tackle climate change. The country will permit less-efficient coal facilities to participate…
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• The country will permit less-efficient coal facilities to participate in capacity market auctions in the fiscal year starting in April, according to documents from a panel meeting at the trade…
• Such plants had earlier been restricted from the auctions - where generators sell supply - as part of efforts to tackle climate change.