Publication date: June 14, 2024 Japan Cuts Red Tape in Effort to Create Green Hub in Sapporo On June 4, the Japanese Financial Services Agency designated Sapporo, Hokkaido, as a “Financial and Asset Management Special Zone” to help encourage green investment. The region had asked for the rules around green transition (GX) policies to be …
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Publication date: June 7, 2024 Joint Public-Private Council to Develop Commercialization Strategy for Next-Gen Solar On 29 May, Japan’s Ministry for Economy, Trade and Industry (METI) and Agency for Natural Resources and Energy (ANRE) convened the first meeting of the “Public-Private Council for the Expansion of Next-Generation Solar Cells and Strengthening of Industrial Competitiveness”. Chaired …
Publication date: June 5, 2024 May 2024 Monthly Newsletter Friends and Colleagues, Welcome to the May edition of our monthly newsletter. This month, we delve into significant developments shaping the nation’s energy landscape. Highlights include the G7’s landmark decision to phase out unabated coal power generation, a crucial step towards global decarbonization. We also cover the …
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Publication date: June 1, 2024 Japan’s Strategic Energy Plan Under Review Japan’s Strategic Energy Plan is a framework to guide the nation’s long-term energy policy. Formulated by the Ministry of Economy, Trade, and Industry (METI), this plan is updated every three to four years to adapt to evolving energy needs, technological advancements, and global trends. …
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Publication date: May 24, 2024 Japan to Set “GX 2040 Vision” to Accelerate Decarbonization Efforts On May 13, Prime Minister Kishida convened the 11th Green Transformation (GX) Implementation Council, where he introduced the “GX 2.0” initiative, marking the next phase in Japan’s decarbonization strategy. “By enhancing the various mechanisms already established, we will tackle the …
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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 …
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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 …
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Publication date: May 6, 2024 April 2024 Monthly Newsletter Welcome to the April edition of our newsletter! As the cherry blossoms fade and golden week approaches, we delve into the latest policy changes shaping Japan’s energy landscape. We offer insights into the evolving dynamics of the Japanese power market, covering generator-side wheeling charges, Japan’s inaugural …
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Publication date: May 3, 2024 Japan’s GX League Updates Guidance on Private-Sector Carbon Credits The Minister of Economy, Trade and Industry (METI) has updated its guidance to include more voluntary carbon credits under the GX-ETS (currently in a trial phase until FY2025). These will be in addition to the JCM and J-credits that have been …
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Publication date: April 28, 2024 Japan’s Domestic GHG Emissions Hit Record Low in FY2022 Last week, the Ministry of Environment (MoE) reported that Japan’s domestic greenhouse gas (GHG) emissions (minus absorptions) hit a record low in FY2022 of 1.135 billion metric tons, falling 2.5% from 1.164 billion metric tons in FY2021. This is a reduction …
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