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: 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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Publication date: June 5, 2024 May 2024 Monthly Newsletter Friends and Colleagues, Welcome to the May edition of our monthly newsletter. This month, we delve into significant developments shaping the nation’s energy landscape. Highlights include the G7’s landmark decision to phase out unabated coal power generation, a crucial step towards global decarbonization. We also cover the …
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Publication date: May 20, 2024 Japan’s Prefectures Consider Taxes on Renewable Energy In April, a new tax was introduced by Miyagi Prefecture on large-scale renewable projects in forested areas. The move has encouraged other prefectures in the Tohoku region to open dialogue regarding the introduction of renewable taxes of their own, with Yamagata announcing on …
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Publication date: May 16, 2024 Japan’s First Long-Term Decarbonization Auction Shows Bess Is Booming On 26 April, the Organization for Cross-regional Coordination of Transmission Operators (OCCTO) published the results of Japan’s first “Long-Term Decarbonization Power Source Auction” (LTDA), or Long-Term Decarbonization Capacity Market. The overarching aim of the LTDA is to incentivize and accelerate Japan’s …
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Publication date: May 6, 2024 April 2024 Monthly Newsletter Welcome to the April edition of our newsletter! As the cherry blossoms fade and golden week approaches, we delve into the latest policy changes shaping Japan’s energy landscape. We offer insights into the evolving dynamics of the Japanese power market, covering generator-side wheeling charges, Japan’s inaugural …
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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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