Japan
Current State And Future Of Japan’s Carbon Emissions
Japan produces the fifth-most carbon dioxide emissions annually, and in the G7, it only falls below the United States. While the country does have a net-zero goal for 2050 and an interim goal for 2030, its current decarbonisation strategy may not be feasible. It relies on decarbonising the fossil fuel industry, a strategy climate experts warn against.
Japan’s Natural Gas Dependence: A Liability For the G7
Japan imports over 90% of its natural gas. As a result, it is reliant on the global LNG market and current events to dictate supply and energy costs. This is a liability that was highlighted in 2022 due to the country's dependence on Russian natural gas. Developing a robust renewable energy grid is the only viable long-term solution.
Japan’s ‘Green Transformation’ (GX) Is Stacked With Fossil Fuel-based Technology
Japan is promoting its green energy transformation, but it's a false narrative since it still includes liquefied natural gas (LNG), coal and fossil fuel-based technology. Japan must also quickly set forth a formal coal reduction and elimination plan before it hosts the next G7 meeting in May.
Fossil Fuel Imports Risk Japan’s Energy Security
Japan has low domestic fossil fuel production yet relies on fossil fuels for most of its energy. High dependence on foreign imports is creating energy security concerns. However, Japan remains seemingly uncommitted to completely phasing out fossil fuels, lagging behind other G7 nations.
G7 Ministers’ Meeting 2023: What Is the Desired Outcome?
The G7 Climate and Energy Ministerial Meeting is shaping up to be a roadshow for Japan's questionable technologies. If the world is to stand a chance in limiting climate change to 1.5°C, the G7 reject the proposals, speed up coal phase-out and limit gas investments.
Japan-Vietnam Energy Relations: Opportunities and Risks
Vietnam needs a partner that will prioritise its decarbonisation and access to affordable and ready-to-be deployed solutions to make the most of its clean energy potential. It doesn't need to be pushed towards distracting technologies with questionable decarbonisation credentials. The approach that Japan will take in its cooperation remains to be seen.
Japan’s Sustainability Programs Are Lacking Compared to G7
Japan is hosting the G7 summit in 2023, which will include discussions on decarbonisation and renewable energy development. However, Japan's sustainability efforts are considered some of the poorest of the G7 nations. The country's financing of fossil fuel projects throughout Asia, its reliance on coal and its questionable strategy towards decarbonisation are all concerns. As the host, Japan should promote sustainability efforts.
Japan’s Hydrogen Plans: A Closer Look
Japan is basing much of its 2050 net-zero goals on hydrogen development without clearly defining what it considers "clean hydrogen". As such, its hydrogen plans mostly rely on blue hydrogen, which still involves burning fossil fuels.
Japanese Technology Expansion: Southeast Asia Pays the Price
This year's G7 meeting, which Japan will chair, remains an important moment for its international credibility in the battle against the climate crisis.
What Will It Take For Japan To Achieve Carbon Neutrality by 2050?
Japan prepares to host this year’s G7 meeting in light of public criticism for its lack of decarbonisation progress and a continued obsession with fossil fuels. However, the country is now uniquely positioned to prove its critics wrong. Doing so will unleash various positives, both for Japan and the region.
Debunking Japan’s ‘Clean Coal Technology’ Claim
Japan's clean coal ambitions have been criticised as another attempt to stall the country's clean energy transition and keep coal afloat.
Using Transition Bonds For Ammonia and Blue Hydrogen Projects: The Risks For Investors and the Issuing Companies
Using transition bonds to fund blue hydrogen and ammonia projects risks extending the climate crisis. But, more importantly, it tarnishes the idea of climate financing at a time when it is needed the most.
Climate Change in Japan: The Role of Japanese Companies
Japanese companies can be a real driving force in the country’s decarbonisation journey. The government, on the other hand, has to set more ambitious targets. Only by working together can the state and the private sector accelerate Japan's net-zero transition.
MHI First Transition Bond Program – All You Need to Know
Instead of the innovative green financing mechanism they were supposed to be, transition bonds have become the perfect tool for greenwashing. MHI's first transition bonds program can either accelerate the company's net-zero efforts or further distance it from carbon neutrality. The key is in MHI's hands.
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