Japan's Energy Policy Draft Emphasizes Diverse Power Generation Mix Post-Fukushima
Key Ideas
- Japan's industry ministry's draft energy plan aims to boost renewable and nuclear energy to achieve decarbonisation post the Fukushima disaster.
- The plan sets targets for renewable energy to constitute 40-50% and nuclear energy 20% of Japan's power generation mix by fiscal 2040.
- Innovative technologies like lightweight perovskite solar cells and the promotion of hydrogen and ammonia as alternative fuels are highlighted.
- The draft aims to balance power generation sources to reduce reliance on any single energy source or fuel, especially with heightened resource prices.
Japan's industry ministry has revealed a draft of a new basic energy plan focused on diversifying the country's power generation mix. This plan marks a notable departure from Japan's energy policy following the 2011 Fukushima nuclear disaster, with an emphasis on maximizing renewable and nuclear energy to drive decarbonisation efforts. The draft outlines ambitious targets for renewable energy to make up 40-50% and nuclear energy 20% of Japan's power generation mix by fiscal 2040, with an aim to increase power generation to 1.1-1.2 trillion kilowatt-hours. The strategy also includes rejuvenating ageing reactors and developing next-generation nuclear reactors. Additionally, the plan looks to reduce reliance on thermal power sources, particularly coal-fired plants, and promote the use of innovative technologies such as perovskite solar cells. Notably, the draft highlights the adoption of hydrogen and ammonia as alternative fuels for thermal power to curb carbon dioxide emissions. This shift in energy policy aims to ensure a well-balanced power generation mix in response to escalating resource prices, post the Russia-Ukraine conflict, and rising tensions in the Middle East. By aiming for a diverse energy mix and reducing dependence on any single source, Japan seeks to enhance energy security and sustainability.
Topics
Utilities
Renewable Energy
Decarbonisation
Energy Policy
Nuclear Power
Carbon Dioxide Emissions
Innovative Technologies
Power Demand
Resource Prices
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