Asia

Japan to lay out green growth strategy to meet PM Suga's net-zero emissions goal

TOKYO (REUTERS) – Japan will lay out on Friday (Dec 25) a”green growth strategy” that includes a goal to replace petrol-powered vehicles with electric cars by around 2035, the Nikkei newspaper reported.

The strategy will serve as an action plan to achieve Prime Minister Yoshihide Suga’s pledge to slash carbon emissions to zero on a net basis in 2050.

Under the strategy, the government will set 14 targets for promoting a greener society, such as installing up to 45 gigawatts of offshore wind power by 2040, the paper said.

The green strategy will also include an estimate that renewable energy will contribute 50-60 per cent of Japan’s total power in 2050, according to the draft of the strategy document obtained by Nikkei.

Mr Suga has made green investment a top policy priority to help revitalise the economy and bring Japan in line with other regions setting ambitious carbon-neutral targets.

Japan will look at reducing greenhouse gas emissions beyond its current target for 2030 and lay out details next year on a carbon pricing scheme that would not rule out a carbon tax, a government executive told Reuters this week.

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