January 19, 2021 Read More →

Japanese corporate sector urges government to move faster on green energy transition

Agence-France Presse:

Major firms including Sony, Panasonic and Nissan on Monday urged the Japanese government to make its 2030 renewable energy target twice as ambitious.

Prime Minister Yoshihide Suga last year set a 2050 deadline for Japan to become carbon-neutral, but the country’s shorter term renewables goal has long been criticised as lagging. Japan currently aims to source between 22 and 24 percent of its power from solar, wind and other renewables by 2030, a target set three years ago and soon to be reassessed as the government revises its energy strategy.

A group of 92 corporations known as the Japan Climate Initiative on Monday urged ministers to double this goal to 40-50 percent.

Many of Japan’s biggest firms, from Fujifilm to Toshiba, as well as household names in insurance, electricity and food and drink, signed the petition.

“In order for Japan to meet its responsibilities to be one of the leaders in global efforts (against climate change), the target needs to be much more ambitious,” they said in a statement. “An ambitious target will stimulate renewable energy deployment, and Japanese companies will be able to play a greater role in the global business environment, where decarbonisation is accelerating.”

Japan’s renewable energy use was around 17 percent in 2017. And by some estimates it may have already hit its 2030 target last year, due to a combination of growth in the green energy sector and a pandemic-related fall in demand.

More: Major firms urge Japan to bolster 2030 renewables goal

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