Japan ltm energy

What are Japan's Energy plans?

Japan’s 6th Strategic Energy Plan (released in 2021) and the GX (Green Transformation) Decarbonization Power Supply Bill (released in 2023) target increasing the share of non-fossil fuel generation sources to 59% of the generation mix by 2030 compared with 31% in 2022.

Is coal a good energy source in Japan?

Japan considers coal an important energy source, according to its Sixth Strategic Energy Plan released in 2021. Japan’s government plans to use it as a stable and economical energy source while renewable energy is added to the power grid.

What is Japan's Energy Policy?

Japan’s energy policy is guided by the principles of energy security, economic efficiency, environmental sustainability and safety (the “three E plus S”). The 5 th Strategic Energy Plan, adopted in 2018, aims to achieve a more diversified energy mix by 2030, with larger shares for renewable energy and restart of nuclear power.

Where can I get information about Japan's new strategic energy plan?

For more information, please contact the U.S. Commercial Service at [email protected]. Japan's new Strategic Energy Plan will endorse new nuclear reactor builds and identify LNG as most viable energy source. U.S. firms will see new opportunities.

What is Japan's energy supply in 2021?

Fossil fuels accounted for 72% of Japan’s electricity generation in 2021, a significant decrease from 89% share it accounted for in 2012. Nuclear and non-hydro renewables, specifically solar, have been the main sources replacing fossil fuels in Japan’s generation mix.

What is Japan's 6th Strategic Energy Plan?

According to Japan’s 6th Strategic Energy Plan, battery storage will be increased as a distributed source of electricity closer to end users and within microgrids. This new policy calls for an increase in installed solar capacity from 79 gigawatts (GW) in 2022 to 108 GW by 2030.