Publication date: Feb 23, 2024 Japan More Than Doubled New Wind Power Installations in 2023 The Japan Wind Power Association has published its wind power generation report for 2023, showing that new installations reached 572.3MW – an increase of 240% compared to 2022 when the total was 232.9MW. The increase was largely due to the …
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Publication date: Feb 16, 2024 The Japanese government is issuing Japan Climate Transition Bonds this month. The 10-year bond will go live on February 14, and the 5-year bond on the 27th. The sale is expected to raise JPY1.6 trillion, which will be used to implement the government’s Green Transformation (GX) policy. The government’s targets …
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Downward Trend Continues for FY2025 FIT/FIP Prices
January 2024 Monthly Newsletter: The Latest News In The Japanese Power Market
Japan to Set Rules on Undersea Carbon Capture Storage (CCS)
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.
Publication date: Jan 19, 2024 The Tokyo Metropolitan Government will introduce a new system to certify users of hydrogen produced from renewable electricity in 2024. This certification scheme is designed to incentivize the use of green hydrogen and promote its wider adoption throughout Tokyo by verifying a company’s previous year’s green hydrogen use. The Tokyo …
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Publication date: January 16, 2024 Today Shulman Advisory is delighted to share with you a focused overview of the Hot Topics shaping the landscape of the 2024 Japan Power Market. As we navigate through key themes such as sustainable energy initiatives, emerging technologies, regulatory frameworks, and market dynamics, our aim is to empower stakeholders, enthusiasts, …
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Publication date: January 12, 2024 Japan’s first “Long-Term Decarbonization Power Source Auction”, or Long-Term Decarbonization Capacity Market, will be held this month. The auction is designed to promote investment in new carbon-free and low-carbon electricity sources over the long term to achieve carbon neutrality by 2050. The Organization for Cross-regional Coordination of Transmission Operators (OCCTO) …
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Publication date: January 11, 2024 In 2023, Japan made significant strides toward its 2050 carbon-neutral goal. Achievements included:- Drafting the Basic Policy for the Realization of GX (a series of decarbonization policy measures across various sectors) Passing the GX Promotion Act Declaring floating offshore wind power and perovskite as key technologies to increase renewable energy …
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