BloombergNEF: successful power sector decarbonization key to unlock Japan’s energy transition

Wind Industry Profile of

BloombergNEF: Japan can achieve net-zero emissions by 2050 while strengthening its energy security: Japan can achieve its 2050 net-zero goal, while strengthening its energy security, without the need to rely on costly technologies, such as ammonia coal co-firing / Accelerated deployment of mature clean technologies such as solar, wind and electric vehicles is the cheapest way for Japan to meet its 2030 emission reduction target / BloombergNEF’s cost-based modeling shows Japan can minimize reliance on clean hydrogen and avoid costly imports or domestic production / Japan needs a more stringent carbon pricing mechanism such as a higher carbon tax to keep the country on track for net zero

Japan’s transition to a net-zero economy by 2050 presents an investment opportunity... ... More: Official Press Release BNEF

Keywords:

BloombergNEF, Japan, hydrogen, renewable energy, reliance, production, carbon pricing, mechanism, tax, energy security, net zero