Publication date: Dec 23, 2024 As 2024 draws to a close, we’ve taken stock of some of the key developments shaping Japan’s energy market this year. While progress continues, there’s still much work to be done to achieve the nation’s ambitious decarbonization goals. Read the full article below to uncover the key developments and milestones …
Publication date: Dec 9, 2024 November 2024 Monthly Newsletter Friends and Colleagues, November 2024 Monthly Newsletter World leaders gathered in November to discuss measures to curb global warming at the COP29 in Azerbaijan, with mixed results. During the summit, Tokyo’s governor Koike announced plans for a 1GW offshore floating wind power project near the Izu Islands, …
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Publication date: Dec 4, 2024 Predictions for Japan’s 7th Strategic Energy Plan: Balancing Ambitions for Decarbonization Amid Rising Demand The Strategic Energy Plan (SEP) is a medium to long-term strategy established by the Japanese government led primarily by the Ministry of Economy, Trade and Industry (METI), to outline the fundamental direction of its energy policy. …
Publication date: Nov 8, 2024 Japan to consolidate solar power projects before FIT system ends New Government Aims to Finalize Draft of “GX2040 Vision” by Year-End The new government held its first GX (Green Transformation) implementation council meeting after the inauguration of Prime Minister Ishiba’s administration. At the meeting, the government outlined plans to accelerate …
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Publication date: Nov 1, 2024 Japan to consolidate solar power projects before FIT system ends Japan to Consolidate Solar Power Projects Before FIT System Ends The Ministry of Economy, Trade and Industry (METI) has presented a draft policy for the government to certify operators who will be responsible for the consolidation of solar panel projects. …
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Publication date: Sept 20, 2024 Japan’s Master Plan for Cross-Regional Grid Coordination to Be Reviewed Amid Growing Power Demand Japan’s Master Plan for Cross-Regional Grid Coordination to Be Reviewed Amid Growing Power Demand The Ministry of Economy, Trade and Industry (METI) and the Agency for Natural Resources and Energy (ANRE) intend to consider reviewing the …
Publication date: Sept 6, 2024 GX Implementation Council Adapts 40-Year Vision to Address Increasing Demand From Digital Growth Sectors The Green Transformation (GX) Implementation Council is holding meetings to develop its “GX 2040 Vision”, a new national strategy that will guide decarbonization and industrial policy up to 2040. The strategy is set to be shaped …
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Publication date: Aug 30, 2024 The Impact of Temperature and Weather on Japan’s Wholesale Electricity Market Temperature and climate change significantly influence Japan’s wholesale electricity market. Temperature fluctuations, such as hot summers and cold winters, impact electricity demand due to the increased use of heating and cooling systems, which in turn influences market prices. Weather …
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