Publication date: Sept 5, 2024 August 2024 Monthly Newsletter Friends and Colleagues, As we transition from one of the hottest summers on record into the slightly cooler days of September, Japan’s energy sector remains as dynamic as ever. In this month’s newsletter, we delve into the strategic developments as the country gears up for Round 4 …
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Publication date: Sept 6, 2024 GX Implementation Council Adapts 40-Year Vision to Address Increasing Demand From Digital Growth Sectors The Green Transformation (GX) Implementation Council is holding meetings to develop its “GX 2040 Vision”, a new national strategy that will guide decarbonization and industrial policy up to 2040. The strategy is set to be shaped …
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Publication date: Aug 16, 2024 Japan’s GX League Forms Working Groups for “Market Rule-Making” Initiative Japan’s “Green Transformation” initiative, “the GX League” has announced the formation of three key Working Groups as part of its 2024 Market Rule Formation Forum: GX Product Social Implementation Promotion WG: This group, led by the Ministry for Economy, Trade …
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Publication date: Aug 13, 2024 Japan to Provide Incentives for Industry in Regions With Decarbonized Power The Japanese government will promote industrial clustering in regions with more decarbonized power sources such as renewable energy and nuclear power, by offering corporate tax incentives and subsidies. This vision was presented during the GX2040 Leaders Panel, an expert …
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Publication date: August 5, 2024 July 2024 Monthly Newsletter Welcome to the July edition of our monthly newsletter. As the rainy season recedes and the nation continues to experience above-average temperatures, electricity demand is surging, causing tight supply-demand situations in the Tokyo area and sudden spikes in wholesale prices. Amid these developments, Japan’s power market …
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Publication date: July 29, 2024 Hydrogen, Ammonia Support Schemes Likely to Accept Applications From August Japan’s Ministry of Economy Trade and Industry (METI) and the Agency for Natural Resources Energy (ANRE) announced that they may start accepting applications for funding that will support hydrogen and ammonia suppliers, as early as next month. They will also …
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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: 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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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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