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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Publication date: January 8, 2024 The METI and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced on December 13 the results of the second round of bids for offshore wind projects based on the Renewable Energy Sea Area Utilization Law. Off the coasts of three cities in Akita Prefecture, a consortium of four …
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Publication date: January 5, 2024 On December 5, a proposal was published by the Japan Climate Initiative (JCI) – a group representing over 180 major Japanese companies and organizations – calling on the government to introduce a #carbon pricing policy that is more stringent, more transparent, and more in line with international standards than current …
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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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