Energy

Japan Clean Energy Share Can Reach 90% By 2035, Says Study

 

Japan could generate 90% of its power from clean electricity by 2035, a study by the Lawrence Berkeley National Laboratory, backed by the US Energy Department, showed on Wednesday.

A decline in the cost of solar, wind and battery storage would help Japan achieve this feat, the study said.

Japan’s power grid, with extra battery storage and inter-regional transmission lines, could remain reliable without coal generation or new gas-fired power plants, it added.

 

Also on AF: China’s Mining Probe Set to Cut World Lithium Supply by 13%

 

The Group of Seven countries, including Japan, committed last year to largely decarbonise their power sectors by 2035 to tackle climate change. However, Tokyo has yet to map out a clear path for the goal.

Resource-poor Japan faces a significant energy security risk as it imports nearly all of the fuel used in its power sector.

Clean electricity – which includes generation from solar, wind, hydropower, biomass, hydrogen and even nuclear sources – currently accounts for 24% of Japan’s total energy.

 

Clear policies needed

Raising the share of clean energy to 90% would cut Japan’s electricity costs by 6%, the study found. It would also cut power sector emissions by 92% from 2020 levels, it said.

But Japan needs clear policies, such as setting medium-term targets beyond 2030 and corresponding renewable deployment goals, to take advantage of the economic, environmental, and energy security benefits, it added.

The study is based on modelling using the latest cost data on renewables and batteries, and is consistent with Japan’s 2030 policy goals and the G7 commitment.

Japan aims to cut greenhouse gas emissions by 46% by 2030 versus 2013 levels. It aims to do so by boosting renewable energy in its electricity mix to 36%-38%, double 2019’s levels, and nuclear power to 20%-22% from 2019’s 6%.

The world’s fifth-biggest emitter also aims to achieve carbon neutrality by 2050.

Under the scenario with the least-cost combination of generation, storage and transmission, renewable power, including floating offshore wind, totals 70% of the electricity mix by 2035.

Nuclear and gas-fired power will account for 20% and 10%, respectively, while existing coal power plants are phased out, the study said.

 

  • Reuters, with additional editing by Vishakha Saxena

 

 

Also read:

 

Solar Panels Mandatory in New Tokyo Homes Built After 2025

 

Toyota to Make EVs in US in 2025, Agrees to Big Japan Wage Hike

 

Honda to Start Making New Hydrogen Fuel Cell System With GM

 

Tokyo Gas Trials Synthetic Methane Using Green Hydrogen

 

Japan Greenhouse Gas Emissions Fall to Record Low

 

Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at vishakha.saxena@asiafinancial.com

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