RE100 CORPORATE INITIATIVE CALLS WILL TRIPLE RENEWABLES CAPACITY BY 2035
RE100, a global corporate initiative to foster renewable power procurement, on Tuesday called on the Japanese government to take urgent and concrete steps to triple its renewable electricity capacity by 2035 from 2022 levels. Japan is currently working on its next basic energy plan, a key long-term strategy for the resource-poor country aimed at balancing energy security and decarbonisation to achieve carbon neutrality by 2050.
The RE100 recommended that Japan set a target in the upcoming energy plan to triple installed renewable capacity from 121 gigawatts (GW) in 2022 to 363 GW by 2035, al the latest. Its policy recommendations also include a call on the government to help more renewable energy projects get off the ground, reduce grid connection times for new renewables projects, and mobilise 17.9-18.1 trillion yen ($112.32-$113.58 billion) in public and private investment between 2025 and 2030 towards renewables and related technologies.
Comments