Japan clears new energy, industrial, climate policies till 2040

The target is to reduce GHG emissions by 60 per cent from 2013 levels by 2035 and by 73 per cent by 2040, extending its 2030 goal of a 46-per cent cut.

The planned measures focus on promoting decarbonisation, ensuring a stable energy supply and strengthening industrial capacity to drive economic growth.

The country plans to submit its new target—a nationally-determined contribution under the Paris Agreement—to the United Nations this month.

Under the new plan, renewables will account for up to half of the country’s electricity mix by fiscal 2039-40, with nuclear power contributing another fifth. It does away with the earlier goal of minimising reliance on nuclear power and calls for building next-generation reactors.

The new industrial policy aims at developing industrial clusters in areas rich in renewable energy, nuclear power and other low-carbon power sources.

Fibre2Fashion News Desk (DS)