Yemisi Izuora
Siemens has announced that it will invest some €100 million over the next three years in a bid to end carbon flare.
The company is aiming to be the world’s first major industrial company to achieve a net-zero carbon footprint by 2030,
The German OEM plans to cut its CO2 emissions currently about 2.2 million tons a year in half by 2020.
Meanwhile, electric utilities in Japan are required to limit the amount of electricity generated from coal to 50 percent of total fossil energy starting in fiscal 2016.
The country aims for Liquefied Natural Gas (LNG) to account for at least half of all electricity produced from fossil fuels, which puts a lid on coal use.