Features
Japan To Buy ‘Record Amounts’ of LNG From US After Trump and Ishiba Meet
In times of heightened geopolitical risk and ever-dropping renewable energy costs, Japan's promise is likely to have significant consequences for its economy and energy security. However, the biggest impact might be felt by Southeast Asian countries – a prime target for Japanese stakeholders looking to resell excessive LNG.
Japan’s Updated NDC Plans Fall Short of Expectations
Japan’s delay in updating its Nationally Determined Contributions (NDCs) raises concerns about its climate ambitions. The proposed targets — 60% emissions reduction by 2035 and 73% by 2040 — fall short of the Paris Agreement’s 1.5°C goal. Japan's policy-making structural issues, including industry influence over energy policy and the primacy of energy policy over climate targets, hinder progress. Reforming Japan’s policy-making framework is essential.
Renewable Energy
Renewable Energy Credits (RECs): How Do they Work?
Renewable energy credits are a tradeable instrument representing the environmental benefits of 1 MWh of renewable energy. They provide a way for companies to source and pay for renewable energy while giving another financial incentive for energy developers. This interplay facilitates the adoption and development of renewable energy projects.
Is Renewable Energy Cheaper Than Fossil Fuels?
Unsubsidised renewable energy is cheaper than fossil fuels in many markets. This has been driven by rapidly declining installation and technology costs and low ongoing operational expenses. This will continue to fall in the future and increase the popularity of renewables.
Fossil Fuel
Indonesia’s National Energy Plan (RUKN) Is Ambitious But Falls Short of Full Potential: CREA
According to a dedicated analysis by CREA, while ambitious, the RUKN fails to mobilise the full renewable energy potential of Indonesia and misses out on substantial cost-efficiency gains in the electricity sector. However, the experts note there is still time for demonstrating more ambition.
Natural Gas Price Forecast 2025: Asia To Drive Global Demand
In 2025, natural gas markets will continue facing uncertainty, with market analysts warning of continuously increasing prices hitting import-reliant Asian economies. This necessitates accelerating renewables deployment to ensure more affordable, secure and clean energy for their growing economies.
Region
Japan’s Offshore Wind Potential
Japan needs to boost offshore wind power generation to meet decarbonisation goals, as current targets of 10 GW by 2030 and 45 GW by 2040 are deemed insufficient. With significant offshore wind potential, experts call for more ambitious goals and better policies to enhance investment and reduce reliance on fossil fuels.
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