Home Business & Finance Japan Introduces Plans to Reduce Coal Dependency

Japan Introduces Plans to Reduce Coal Dependency

Japan Introduces Plans to Reduce Coal Dependency

Earlier today, the Japan’s Cabinet has approved a bill which will see the country moving away from its dependency on coal in the coming years.

While the cabinet admitted that the earliest possible time to reach the country’s goal to become a carbon neutral society is still a long time away, the strategy builds on the country’s goal to reduce carbon emissions by at least 80 percent by 2050.

In order to meet its goals, the cabinet approved the bill which commits to the idea of commercialization of carbon capture and utilization technology by 2023 and carbon capture and storage used in coal-fired power generation by 2030. In order to reduce dependency on coal, the cabinet also reiterated its goals to reduce costs of hydrogen production by 2050.

However, several environmentalist groups in Japan said that the latest legislations are unambitious. Yuri Okubo, a senior researcher at the Renewable Energy Institute said, “’disruptive innovation’ is often used as an excuse to avoid the implementation of reduction measures by technologies that can be used immediately.”

Moreover, he warned that with the latest changes, Japan isn’t trying to improve its renewable energy sector. Until the country introduces changes to improve its stance on renewable energy, Japan will not be seen as taking a serious stance on tackling climate change.

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