Japan’s industry ministry is considering raising the proportion of low-carbon power sources, including nuclear, in the country’s energy mix to about 60% in fiscal 2030, Jiji reported earlier this month. That would be up from 44% in the current plan.
But how? One ingredient in the low-carbon mix is likely to be hydrogen, Reuters reports. But first the fuel has to be shipped across the globe at hypercold temperatures close to those in outer space. Projects in Japan, South Korea, Canada and Norway are racing to solve this expensive problem.
Japan’s biggest power producer, Jera, meanwhile, is picturing a gradual but complete shift away from coal and gas to ammonia and hydrogen, both produced using renewable energy or technology that offsets CO2 emitted during production. Jera’s president spoke to Osamu Tsukimori about how he hopes to pull off the big switch.
With PM Suga having committed Japan to carbon neutrality by 2050, the nation’s megabanks are also getting in on the act. All three have announced plans to strengthen measures to tackle climate change, including by supporting clients’ efforts to cut emissions. Japan’s top lender, Mitsubishi UFJ, has said it will aim for net zero emissions in its finance portfolio by 2050.