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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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 …
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Publication date: April 15, 2024 Government Publishes Guidebook for Green Startups On March 29, the Ministry of Economy, Trade and Industry (METI) put together a 119-page guidebook for startups that will contribute toward decarbonization, strengthen industrial competitiveness, and support Japan’s overall economic growth. So far in Japan, much of GX Policy has been led by …
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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 …
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Publication date: April 4, 2024 March 2024 Monthly Newsletter Welcome to the March edition of our newsletter on the latest happenings in Japan’s power market. As cherry blossoms bloom across the country, signaling the early arrival of spring, we’re here to bring you fresh updates and insights into Japan’s dynamic energy landscape. In this issue, …
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Publication date: March 29, 2024 Renewable Energy Surcharge Is on the Rise Again When the Feed-in-Tariff (FIT) was introduced in Japan in 2012 to promote more renewable energy generation, the government also implemented the renewable energy surcharge. Electric utilities collect the surcharge as compensation for purchasing from renewable energy generators, adding to electricity consumers’ costs. …
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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, …
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On March 12, METI presented an interim report on creating a market where “GX products”would be bought and sold. GX products are goods produced by companies participating in the GX League. These companies are actively taking steps to reduce their greenhouse gas emissions.
Publication date: March 15, 2024 On March 5, the Cabinet approved a bill to amend the Global Warming Countermeasures Promotion Act.Since its introduction in 1998, this bill has had a series of amendments and remains one of the key climate laws in Japan. In its current form, the law promotes environmental conservation and economic and …
