The China Mail - Japan to make renewables top power source by 2040

USD -
AED 3.672504
AFN 66.344071
ALL 83.58702
AMD 382.869053
ANG 1.789982
AOA 917.000367
ARS 1405.057166
AUD 1.540832
AWG 1.805
AZN 1.70397
BAM 1.691481
BBD 2.013336
BDT 122.007014
BGN 1.69079
BHD 0.374011
BIF 2943.839757
BMD 1
BND 1.3018
BOB 6.91701
BRL 5.332404
BSD 0.999615
BTN 88.59887
BWP 13.420625
BYN 3.406804
BYR 19600
BZD 2.010326
CAD 1.40485
CDF 2150.000362
CHF 0.80538
CLF 0.024066
CLP 944.120396
CNY 7.11935
CNH 7.12515
COP 3780
CRC 501.883251
CUC 1
CUP 26.5
CVE 95.363087
CZK 21.009504
DJF 177.720393
DKK 6.457204
DOP 64.223754
DZD 129.411663
EGP 46.950698
ERN 15
ETB 154.306137
EUR 0.86435
FJD 2.28425
FKP 0.759642
GBP 0.759936
GEL 2.70504
GGP 0.759642
GHS 10.930743
GIP 0.759642
GMD 73.000355
GNF 8677.076622
GTQ 7.659909
GYD 209.133877
HKD 7.77703
HNL 26.282902
HRK 6.514104
HTG 133.048509
HUF 332.660388
IDR 16685.5
ILS 3.24758
IMP 0.759642
INR 88.639504
IQD 1309.474904
IRR 42100.000352
ISK 126.580386
JEP 0.759642
JMD 160.439
JOD 0.70904
JPY 153.43504
KES 129.203801
KGS 87.450384
KHR 4023.264362
KMF 421.00035
KPW 899.998686
KRW 1455.990383
KWD 0.306904
KYD 0.83302
KZT 524.767675
LAK 21703.220673
LBP 89512.834262
LKR 304.684561
LRD 182.526573
LSL 17.315523
LTL 2.95274
LVL 0.60489
LYD 5.458091
MAD 9.265955
MDL 17.042585
MGA 4492.856402
MKD 53.206947
MMK 2099.464216
MNT 3582.836755
MOP 8.007472
MRU 39.595594
MUR 45.910378
MVR 15.405039
MWK 1733.369658
MXN 18.44605
MYR 4.176039
MZN 63.950377
NAD 17.315148
NGN 1436.000344
NIO 36.782862
NOK 10.153804
NPR 141.758018
NZD 1.777162
OMR 0.38142
PAB 0.999671
PEN 3.37342
PGK 4.220486
PHP 58.805504
PKR 282.656184
PLN 3.665615
PYG 7072.77311
QAR 3.643196
RON 4.398804
RSD 102.170373
RUB 80.869377
RWF 1452.42265
SAR 3.750713
SBD 8.230592
SCR 13.652393
SDG 600.503676
SEK 9.528504
SGD 1.301038
SHP 0.750259
SLE 23.203667
SLL 20969.499529
SOS 571.228422
SRD 38.599038
STD 20697.981008
STN 21.189281
SVC 8.746265
SYP 11056.879504
SZL 17.321588
THB 32.395038
TJS 9.226139
TMT 3.51
TND 2.954772
TOP 2.342104
TRY 42.211304
TTD 6.77604
TWD 30.981804
TZS 2455.000335
UAH 41.915651
UGX 3498.408635
UYU 39.809213
UZS 12055.19496
VES 228.194038
VND 26310
VUV 122.189231
WST 2.820904
XAF 567.301896
XAG 0.020687
XAU 0.00025
XCD 2.70255
XCG 1.801521
XDR 0.707015
XOF 567.306803
XPF 103.14423
YER 238.503589
ZAR 17.29905
ZMK 9001.203584
ZMW 22.615629
ZWL 321.999592
  • RBGPF

    -0.7800

    75.22

    -1.04%

  • SCS

    0.0000

    15.76

    0%

  • NGG

    1.4600

    77.75

    +1.88%

  • VOD

    0.2400

    11.58

    +2.07%

  • RELX

    -1.1200

    42.27

    -2.65%

  • RIO

    0.0600

    69.33

    +0.09%

  • RYCEF

    0.0800

    14.88

    +0.54%

  • BCC

    -0.0900

    70.64

    -0.13%

  • BTI

    0.3800

    54.59

    +0.7%

  • GSK

    -0.4700

    46.63

    -1.01%

  • CMSD

    0.0900

    24.1

    +0.37%

  • CMSC

    0.0700

    23.85

    +0.29%

  • JRI

    -0.0100

    13.74

    -0.07%

  • BCE

    0.0200

    23.19

    +0.09%

  • AZN

    0.8100

    84.58

    +0.96%

  • BP

    0.7600

    36.58

    +2.08%

Japan to make renewables top power source by 2040
Japan to make renewables top power source by 2040 / Photo: © AFP

Japan to make renewables top power source by 2040

Japan wants renewable energy to be its top power source by 2040 in a push to reduce dependence on coal and gas and become carbon neutral by mid-century, government plans showed on Tuesday.

Text size:

Thirteen years after the 2011 Fukushima disaster, the plan also foresees a major role for nuclear power in helping to meet growing energy demand from artificial intelligence and microchip factories.

The world's fourth-largest economy -- which campaigners say has the dirtiest energy mix in the G7 -- had already set a goal of becoming carbon neutral by 2050.

Under the new plans, renewables such as solar and wind were expected to account for 40 to 50 percent of electricity generation by 2040.

That marks a jump from last year's level of 23 percent and a previous target for 2030 of 38 percent.

Resource-poor Japan "will aim to maximise the use of renewable energy as our main source of power", said the draft Strategic Energy Plan unveiled on Tuesday.

Government experts were reviewing the plan released by the Agency for Natural Resources and Energy and it will be presented to the cabinet for approval.

Japan is aiming to avoid relying heavily on one energy source to ensure "both a stable supply of energy and decarbonisation", the draft said.

Geopolitical concerns affecting energy lines, from the Ukraine war to Middle East unrest, were also behind the shift to renewables and nuclear, it said.

- Nuclear push -

Nearly 70 percent of Japan's power needs in 2023 were met by power plants burning coal, gas and oil -- almost all of which must be imported.

The government wants that figure to fall to 30 to 40 percent by 2040. The previously announced 2030 target was 41 percent, or 42 percent when hydrogen and ammonia were included.

The new plans forecast a 10 to 20 percent jump in overall electricity generation by 2040, from 985 billion kilowatt hours (kWh) in 2023.

"Securing decarbonised sources of electricity is an issue directly related to our country's economic growth," Yoshifumi Murase, the head of the national energy agency, told the government's expert panel on Tuesday.

Unlike the previous plan released three years ago, the draft no longer foresees reducing Japan's reliance on nuclear power "as much as possible" -- a goal set after the 2011 disaster.

The government pulled the plug on nuclear power plants nationwide after the tsunami-triggered Fukushima meltdown.

However, it has gradually been bringing them back online, despite a public backlash in some places, as it seeks to cut emissions.

It expects all its existing reactors to be in operation by 2024, and affirmed the government's plan to develop and use new next-generation nuclear reactors, as its existing facilities get older.

Nuclear accounts for about 20 percent of Japan's energy needs under the 2040 targets, around the same as the current 2030 target.

That would mean more than double the 8.5 percent of overall power generation that nuclear provided in 2023.

Japan, like many countries, sweltered through record-breaking summer temperatures this year.

It also saw its warmest autumn since records began 126 years ago. The famous snowcap of Mount Fuji was absent for the longest recorded period this year, not appearing until early November, compared with the average of early October.

N.Wan--ThChM