A New Beginning: Long-term Decarbonized Capacity Auction Overview

Later this year the government plans to introduce a new auction system that will provide price guarantees for non-fossil power generation. In effect, it should reduce the risk of investing in buildin...

MOE Sets up Green Fund Eying Regional Decarbonization Projects

Two years ago, METI set up a ¥2-trillion Green Innovation Fund (GIF) to support early-stage R&D to help Japan meet its 2050 net-zero ambitions. Now, that effort is getting a further boost with a ...

Japan Unveils Energy Transition Roadmap: Nuclear Shift Grabs Headlines

At the end of 2022, Japan published the draft of a new national decarbonization strategy. The Basic Policy to Implement a Green Transformation (GX) will, in effect, become Japan’s top energy and clim...

2023 Global Energy Outlook: Key Trends and Concerns

The global economy will continue to face turmoil in 2023 in part due to recent underinvestment in energy. The good news is that the issue is now widely acknowledged and both state and private funds a...

TOP INTERVIEW: MOE’s Point Man for JCM Program Outlines Expansion Plans

Japan expects to facilitate the development of high integrity carbon markets around the world. Such an approach could allow financing from wealthy nations to flow to decarbonizing technology and infr...