Japan to Reveal 'Green Growth' Strategy

Thursday, December 24, 2020

Japan will lay out on Friday a “green growth strategy” that includes a goal to replace gasoline-powered vehicles with electric cars by around 2035, the Nikkei newspaper reported.

The strategy will serve as an action plan to achieve Prime Minister Shinzo Abe’s pledge to slash carbon emissions to zero on a net basis in 2050.

Under the strategy, the government will set 14 targets for promoting a greener society, such as installing up to 45 gigawatts of offshore wind power by 2040, the paper said.

The green strategy will also include an estimate that renewable energy will contribute 50-60% of Japan’s total power in 2050, according to the draft of the strategy document obtained by Nikkei.

Suga has made green investment a top policy priority to help revitalize the economy and bring Japan in line with other regions setting ambitious carbon-neutral targets.

Japan will look at reducing greenhouse gas emissions beyond its current target for 2030 and lay out details next year on a carbon pricing scheme that won’t rule out a carbon tax, a government executive told Reuters this week.

(Reporting by Leika Kihara; Editing by Richard Pullin)

Categories: Energy Renewable Energy Industry News Offshore Wind Activity Renewables

Related Stories

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

US Pressure on India Could Propel Russia's Shadow Oil Exports

Vietsovpetro Brings BK-24 Oil Platform Online Two Months Early

SBM Offshore, SLB to Optimize FPSO Performance Using AI

MDL Secures Cable Laying Job in Asia Pacific

Brownfield Output Decline Accelerates, says IEA

Floating Offshore Wind Test Center Planned for Japan

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Current News

How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com