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Japan s energy sector seeks carbon-neutral windfall

TOKYO: Japan needs to boost renewable energy by reforming outdated policies on land use and the national grid if it is to meet a new goal of carbon neutrality by 2050, industry players and experts say. Since announcing the 2050 target in November, Prime Minister Yoshihide Suga’s government has pledged to spend $20 billion on green tech and set ambitious new wind power targets. But the world’s third-largest economy has a lot of catching up to do, said Ken Isono, CEO of renewable energy company Shizen Energy. “Japan could be a leading country in solar, 15 years ago it used to be,” he told AFP.

Japan s Renewable Energy Sector Seeks Carbon-neutral Windfall

Text size Japan needs to boost renewable energy by reforming outdated policies on land use and the national grid if it is to meet a new goal of carbon neutrality by 2050, industry players and experts say. Since announcing the 2050 target in November, Prime Minister Yoshihide Suga s government has pledged to spend $20 billion on green tech and set ambitious new wind power targets. But the world s third-largest economy has a lot of catching up to do, said Ken Isono, CEO of renewable energy company Shizen Energy. Japan could be a leading country in solar, 15 years ago it used to be, he told AFP.

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