Wednesday, 12 April 2023 12:27

Japan climate group urges more renewable energy, effective carbon pricing

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Japanese businesses and climate groups have called on the government to speed up the introduction of renewable energy and quickly adopt carbon pricing to combat global warming. The Japan Climate Initiative (JCI), a coalition of companies, local governments and NGOs, made the announcement ahead of the G7 climate ministers meeting in Sapporo, Japan, on April 15-16. To achieve the G7 goal of decarbonizing all or most of its power sector by 2035, agreed by the G7 last year, Japan should take appropriate measures and implement regulatory reforms to promote renewable energy, such as accelerating the development of offshore wind and mandating the installation of solar power in new buildings middle. It also called for a reduction in reliance on fossil fuels, such as coal-fired power generation. Japan is rolling out a carbon pricing scheme in stages this fiscal year, combining emissions trading and a carbon tax to encourage companies to curb pollution.

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