Sustainability and Energy

In 2022, Japan's supply of renewable energy increased by 16% compared to the previous year, marking a 75% increase from 2010 and becoming a growth market.

Efforts towards achieving carbon neutrality by 2050 is expected to continue through collaboration between the government and private sectors.

Promoting Renewable Energy to Achieve Stable Energy Self-Sufficiency and Carbon Neutrality

To establish a stable and self-sufficient energy system, Japan is investing in green energy and green transformation technologies. The target is to achieve a share of renewable energy of 38% by 2030.

Strengthening Market Competitiveness in Green Transformation and Energy to Achieve De-carbonization, Stable Energy Supply, and Economic Growth

The government aims to achieve green transformation by establishing a broad framework, providing incentives for renewable energy use, partially delegating power supply-demand adjustment functions to the market, and encouraging carbon-neutral policies by local governments, aiming for overall energy efficiency and greening. This article introduces four government initiatives.

(1)

Establishment of a basic policy for achieving green transformation
(2)

Introduction of FIT and FIP schemes
(3)

Implementation of Electricity System Reform
(4)

Initiatives by local government agencies (Zero Carbon Cities)

Attractive Markets

We Focus on Following Five Attractive Markets With Growth Potential in the Environment & Energy Industry.

Five attractive markets actively invested in Japan is highlighted, including offshore wind power, where large-scale projects are continuously funded by the Japanese government, biomass showing steady growth, and hydrogen with numerous pioneering R&D projects.

(1)

Offshore wind energy: Active market entry by foreign companies
(2)

Biomass: Advancing institutional development in terms of costs
(3)

Solar energy: The largest renewable energy source in Japan
(4)

Hydrogen: World-leading R&D and implementation
(5)

Storage batteries (lithium-ion): Diverse commercialization and international collaboration