Shulman Advisory

Tokyo’s New Green Hydrogen Certification Scheme

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 …

December Newsletter: The Latest News In The Japanese Power Market

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 …

Three Japanese Consortia Win Second Offshore Wind Auction

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 …

Japanese Companies and Organizations Call For Stricter Carbon Pricing

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 …