News Archives - Shulman Advisory

Japan Power Industry Developments of the First Half of 2024

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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Cornwall Insight and Shulman Advisory Announce New Partnership

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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Japan’s Strategic Energy Plan Under Review

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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Renewable Energy Projects Under Feed-In-Premium System on the Rise

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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Hokkaido Electric Announces Plans for Japan’s Largest Green Hydrogen Hub

Publication date: March 3, 2024 Hokkaido Electric Power Company (HEPCO), ENEOS, and Idemitsu announced on February 20 that they will jointly explore the construction of a green #hydrogen supply chain in Tomakomai, Hokkaido Prefecture. They plan to build water electrolysis plants and hydrogen storage facilities with a capacity of over 100MW by 2030. The plant …

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Companies Required to Participate in GX Emissions Trading to Receive Green Funding

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.

Japan to begin Long-Term Decarbonization Power Source Auctions

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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