Japan’s Green Transformation

Akihabara News (Tokyo) — The first meeting of the Ministry of Economy, Trade and Industry (METI) Green Transformation panel was held recently, with the aim of establishing a ten-year roadmap to meet the country’s carbon neutrality goals.

The METI minister–at that time Koichi Hagiuda–was provided the additional ministerial portfolio of Green Transformation Minister. Deputy Chief Cabinet Secretary Seiji Kihara explained that his new task was “to manage administrative processes to realize the transformation of Japan’s economy, society, and industrial structure based on clean energy.”

With yesterday’s Cabinet reshuffle, this task now falls to Yasutoshi Nishimura.

In May, Prime Minister Fumio Kishida announced that the government plans to provide approximately ¥20 trillion (US$150 billion), raised via “green economy transformation bonds,” to facilitate the clean energy projects.

Kishida also said that an additional ¥150 trillion (US$1.1 trillion) will be needed for other public and private investments over the next decade.

As part of these efforts, Kishida revealed his intention to authorize the restart of at least nine nuclear reactors by the end of this year as a measure to quickly reduce carbon emissions. The government is also expected to discuss the construction of new nuclear plants.

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