Publication date: Aug 2, 2024 TOCOM’s Power Futures Trading Volume Jumps Sharply in Q2, Lags EEX Trading of power futures on the Tokyo Commodity Exchange (TOCOM) has surged, with volumes from April to June 2024 reaching 397GWh, eight times higher than the previous quarter and the second highest quarterly total on record. The exchange’s busiest …
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Publication date: July 29, 2024 Hydrogen, Ammonia Support Schemes Likely to Accept Applications From August Japan’s Ministry of Economy Trade and Industry (METI) and the Agency for Natural Resources Energy (ANRE) announced that they may start accepting applications for funding that will support hydrogen and ammonia suppliers, as early as next month. They will also …
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Publication date: July 23, 2024 Aomori Prefecture Outlines Plans to Tax and Regulate Renewable Projects Earlier this year, Aomori’s governor announced that the prefecture would move forward with plans to introduce a new tax on renewable energy facilities. Last week, Aomori published a draft outline of the new rules, including the threshold for applicable renewable …
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Publication date: July 12, 2024 METI Beefs up Second Decarbonization Auction Japan’s Ministry of Economy, Trade, and Industry (METI) and the Agency for Natural Resources and Energy (ANRE) are preparing for a second long-term decarbonization power auction (LTDA), with several changes announced. The auction is designed to promote investment in new flexible carbon-free and low-carbon …
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Publication date: July 8, 2024 Japan Discusses Port Challenges for Floating Offshore Wind Industry Japan’s Ministry of Land, Infrastructure, and Tourism (MLIT) recently convened a forum to address challenges related to large-scale floating offshore wind (OSW) power installations. The discussions emphasized the need for ports capable of managing the assembly and storage of floating foundations …
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Publication date: July 3, 2024 June 2024 Monthly Newsletter Friends and Colleagues, Welcome to the June edition of our monthly newsletter. This month, amidst unseasonably warm weather and the onset of Tsuyu (rainy season), we cover the government’s approval of the new Energy White Paper, progress in Japan’s floating offshore wind strategy, and take a …
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Publication date: July 4, 2024 Japan Power Industry Developments of the First Half of 2024 We are pleased to present our “Japan Power Market Industry Highlights for the First Half of 2024.” This report offers a comprehensive overview of pivotal events and advancements in Japan’s renewable energy sector from January to June, including key milestones, …
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Publication date: June 21, 2024 Cornwall Insight and Shulman Advisory Announce New Partnership to Advance Japan’s Net Zero Journey Shulman Advisory’s Strategic Partnership with Cornwall Insight Shulman Advisory is delighted to announce a new strategic partnership with Cornwall Insight aimed at advancing Japan’s journey towards net zero. Bringing together Cornwall Insight’s strong presence in dynamic …
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Publication date: June 21, 2024 Japan to Apply Long-Awaited Hydrogen Promotion Law From This Summer This summer, Japan’s Ministry of Economy, Trade, and Industry (METI) and the Agency for Natural Resources and Energy (ANRE) will begin enforcing the Hydrogen Society Promotion Law. This new legislation lays out essential “decision criteria” for hydrogen and ammonia supply …
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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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