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

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Current News

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off 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