Shulman Advisory

Japan’s Prefectures Consider Taxes on Renewable Energy

Publication date: May 20, 2024 Japan’s Prefectures Consider Taxes on Renewable Energy In April, a new tax was introduced by Miyagi Prefecture on large-scale renewable projects in forested areas. The move has encouraged other prefectures in the Tohoku region to open dialogue regarding the introduction of renewable taxes of their own, with Yamagata announcing on …

Japan’s First Long-Term Decarbonization Auction Shows Bess Is Booming

Publication date: May 16, 2024 Japan’s First Long-Term Decarbonization Auction Shows Bess Is Booming On 26 April, the Organization for Cross-regional Coordination of Transmission Operators (OCCTO) published the results of Japan’s first “Long-Term Decarbonization Power Source Auction” (LTDA), or Long-Term Decarbonization Capacity Market. The overarching aim of the LTDA is to incentivize and accelerate Japan’s …

Japan to Pass Bill Promoting Clean Hydrogen Supply

Publication date: April 19, 2024 Japan to Pass Bill Promoting Clean Hydrogen Supply Japan is taking action to promote hydrogen, which is a key plank in its 2050 net zero target. As reported in an article published by Nikkei, the Japanese government plans to spend an as yet unspecified amount over the next 15 years …

Renewable Energy Projects Under Feed-In-Premium System on the Rise

Publication date: April 7, 2024 On March 27, METI reported that renewable energy generation capacity operating under the Feed-in-Premium (FIP) system had increased by 150% since October 2023. The number of renewable projects certified under the FIP system rose even more significantly, almost quadrupling in the same period. The increases show how successful the scheme …

February 2024 Monthly Newsletter: The Latest News In The Japanese Power Market

Publication date: March 25, 2024 February 2024 Monthly Newsletter Welcome to the second edition of our newsletter in 2024 on the latest happenings in Japan’s dynamic power market! We’re thrilled to bring you insightful stories shaping the energy landscape. From groundbreaking developments in decarbonization to innovative strategies for integrating electric vehicles with the power grid, …

Hokkaido Electric Announces Plans for Japan’s Largest Green Hydrogen Hub

Publication date: March 3, 2024 Hokkaido Electric Power Company (HEPCO), ENEOS, and Idemitsu announced on February 20 that they will jointly explore the construction of a green #hydrogen supply chain in Tomakomai, Hokkaido Prefecture. They plan to build water electrolysis plants and hydrogen storage facilities with a capacity of over 100MW by 2030. The plant …

Companies Required to Participate in GX Emissions Trading to Receive Green Funding

The Japanese government plans to make participation in the emissions trading scheme (ETS) a prerequisite for companies to receive decarbonization support. As discussed in the GX Implementation Council’s December 15 meeting, the move aims to make the ETS more effective and nudge hard-to-abate sectors to commit to deeper emissions reductions.