Mitsubishi Corporation should withdraw from Quang Trach 1 and also from Vung Ang 2, a coal-fired power generation project the company is now working towards construction in the same country. In other words, there is no room on our planet to build any new coal-fired power plants and those in operation need to start shutting down as well. The International Energy Agency (IEA) report “Net Zero by 2050” released this May also states that no new unabated coal plants are to be approved for development from 2021 in its pathway to net zero by 2050. In order to achieve the 1.5 degrees Celsius target of the Paris Agreement, it has been analyzed that coal-fired power plants must be shut by 2030 for OECD countries and by 2040 globally at the latest. 1) of Vietnam, which the operator, Electricity of Vietnam (EVN), signed a contract. According to media reports, it was a consortium formed by Mitsubishi Corporation, Hyundai E&C of South Korea and CC1 (Construction Corporation No. Mitsubishi Corporation has a policy not to enter into any new coal-fired power generation businesses, but despite this, it has signed an EPC (engineering, procurement, and construction) contract for Quang Trach 1 coal-fired power plant in Vietnam on J. Japan Center for a Sustainable Environment and Society (JACSES) Mitsubishi Corporation should withdraw from EPCįor Vietnam’s Quang Trach 1 Coal-fired Power Plant
