Publication date: January 1, 2024 As we end another year, we would like to express our sincere gratitude for your continued support and engagement. We appreciate your trust in our team and hope our content has been informative and helpful to you. Some of our friends and readers have been asking us what it is …
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On November 24, Japan’s Organization for Cross-Regional Coordination of Transmission Operators (OCCTO) announced the results of the 18th round of bids to supply solar power under the FIT/FIP system. The lowest bid price was JPY7.94/kWh, which is the first time it has dropped below JPY8/kWh. Solar projects whose generation capacity is between 250kW and 500kW …
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The year-end is fast approaching, and the Japanese government is lining up new subcommittees and working groups to be launched in the new year, focusing on policies and guidelines for new technology and regulation in the Japanese power market. In addition, the Cabinet Office’s GX Working Group has been meeting regularly to decide on the …
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Japan is accelerating its efforts to develop offshore wind power as an essential means to achieve carbon neutrality by 2050 and ensure energy security. The government aims to introduce 10GW of offshore wind power by 2030 and 45GW by 2040. To achieve the 2040 target, annual construction of 2 to 3GW (more than double the …
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METI announced that it will convene an expert working group to consider the creation of a market for direct air capture (DAC) in January next year. Even as Japan makes progress on clean energy technologies and energy efficiency, there will still be residual CO2 emissions from hard-to-abate sectors. To offset these emissions, Japan plans to …
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On November 8, the expert working group on GX policy implementation met to discuss the government’s investment strategies for the battery and mobility sectors. The meeting was one of several that the committee has held to formulate ways to practically implement the GX Promotion Act that was passed earlier this year. (Read more about the GX …
On October 16-18, METI, MOFA, and the US Department of State held the second annual Japan-US Energy Security Dialogue in Palo Alto, California. Expressing serious concerns about the global energy and commodity market shocks triggered by Russia’s war against Ukraine, both countries reiterated the importance of continuing their energy partnership. Building on the agreement at the G7 …
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As the winter heating season approaches, Japan remains focused on building its decarbonisation strategy. The “Tokyo GX Week” – a series of intensive international energy and environmental conferences – concluded on October 5th. Ten meetings were held, including gatherings of ministers from various countries, and more than 8,000 participants actively exchanged opinions on achieving net-zero …
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In its hydrogen strategy revised in June, the Japanese government stated its aim to increase the supply of hydrogen and ammonia in Japan from 2 million tons to 3 million tons by 2030, 12 million tons by 2040, and finally to 20 million tons by 2050. To help achieve this, METI has been planning a contract …
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METI’s Agency for Natural Resources and Energy (ANRE) has proposed new measures to reduce the curtailment of renewable energy, which has been on the increase across Japan. The preliminary plan tackles the issue from three perspectives: demand-side, supply-side, and grid reinforcement, and will likely be finalized by the end of the year. The plan includes: …
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