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NEC upgrades its greenhouse gas reduction target to SBT1 5degC and joins RE100, a global renewable electricity initiative

Japan strengthens 2030 emissions reduction target

Japan strengthens 2030 emissions reduction target Out-Law News | 29 Apr 2021 | 8:29 am | 1 min. read Japan aims to cut emissions by 46% by 2030 from 2013, Japan’s prime minister Yoshihide Suga announced before a virtual climate summit of 40 world leaders hosted by US. It almost doubled its previous target of a 26% reduction from 2013 set in 2015. According to a Bloomberg report, Suga said Japan’s government would provide support to maximise “utilisation and investment in zero-carbon power sources such as renewables”, and he would instruct ministries to “accelerate considerations” on how to address the issue. John Yeap of Pinsent Masons, the law firm behind Out-Law, said: “This strengthening of Japan’s nationally determined contributions appears to indicate the nation’s resolve to be a leading champion in the decarbonisation race against time. The response of the power sector will be a fundamental component to achieving the target, and we are alrea

Australia-Japan investment pushes through roadblock

This email address is already subscribed to the list. Invalid email address, please try again. 19 Apr 2021 Ian Williams & Tatsuki Shiratsuki The COVID-19 pandemic had a significant impact on Japanese investment in Australia in 2020 with a slight decrease in the number of announced or completed transactions and the absence of any “mega-deals” valued greater than $A1 billion. Click image to zoom Tap image to zoom Pinch to zoom Despite the decrease in activity in 2020, the fundamentals of the Japan-Australia relationship are deep and enduring and position both sides well for a strong recovery in investment - more promptly than many other jurisdictions.

Macquarie joins Japan Climate Leaders Partnership

Date Time Macquarie joins Japan Climate Leaders’ Partnership Macquarie Group today announced it has joined the Japan Climate Leaders’ Partnership (JCLP) as a supporting member, furthering its contribution to climate mitigation and adaptation. Japan Climate Leaders’ Partnership (JCLP) is a coalition of corporations whose aim is to create a sustainable net zero society. Its members (170 as of April 2021) share a common goal and proactively work with policy makers, industry peers and community groups. Since April 2017, JCLP has been The Climate Group’s regional delivery partner on RE100, EP100 and EV100 initiatives in Japan. Macquarie is committed to driving forward the green energy transition globally, and supporting global initiatives including Climate Finance Leadership Initiative (CFLI), Global Commission on Adaptation (CGA), as well as RE100, a global corporate leadership initiative bringing together businesses committed to 100% renewable electricity and will source all

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