Japan to map out a decarbonizing strategy by 2040
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The Japanese government plans to develop a new national strategy by the end of March next year, focusing on decarbonization and industrial policy toward 2040.
This strategy aims to encourage investment that will accelerate decarbonization efforts and enhance the competitiveness of domestic industries. The goal is to outline a comprehensive, long-term plan that aligns economic growth with sustainability and low-carbon initiatives.
Japan has set ambitious targets to cut emissions by 46% from 2013 levels by 2030 and achieve net-zero emissions by 2050.
Also read: Japan to rely on seagrass for carbon capture – Sustainability Economics News
The government passed a law last year to support these goals to promote decarbonization investments exceeding 150 trillion yen ($962 billion) over the next decade.
These investments are intended to drive significant reductions in greenhouse gas emissions across public and private sectors.
Also read: Japan utility to invest in Middle East hydrogen – Sustainability Economics News
Yojiro Hatakeyama, director-general of the Industrial Science, Technology, and Environment Policy Bureau at the industry ministry, stated that the goal is to present a proposal for the strategy by the end of the year and finalize it by the end of March.
The objective is to establish a comprehensive national plan that aligns with decarbonization goals and industrial policies to drive sustainable economic development.
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