Japan’s Mitsubishi Corp. is planning to invest 2 trillion yen ($17.54 billion) in alternative energies by 2030 in an effort to reach net-zero emissions by 2050.
The company released its Roadmap to a Carbon Neutral Society on Oct. 18, outlining its investment plan and carbon-reduction targets. Mitsubishi Corp. said it will achieve these goals by replacing assets and switching operations to renewable energy and alternative fuels.
The company will pursue global initiatives to double renewable power capacity and invest in copper, LNG, hydrogen and ammonia.