Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

Japan plans to significantly reduce LNG and coal use by 2030

Liquefied natural gas would account for just 20% of Japan's power mix in 2030 compared with 37% in 2019, as renewables and nuclear are positioned to account for the majority of energy

The world's largest LNG importer would cut its use of the fuel to just 20% by 2030 in favor of renewables, according to a new draft energy policy, as it seeks to reduce greenhouse gas emissions by 46%

JAPAN, the world’s largest liquefied natural gas importer, plans to significantly reduce the use of LNG and coal to meet its 2030 emissions goals.

The government has published a revised energy strategy that would see the country decrease its dependency on the two fossil fuels even further than it originally planned, making more space for the use of renewable energy.

The country would reduce the share of LNG in its power mix from 37% in the fiscal year of 2019 to 20% in 2030. That is down from the 27% that the earlier energy strategy envisaged for 2030. Japan is the largest importing nation of LNG.

Japan imported over 40m tonnes of LNG on 599 voyages in the first half of 2021, accounting for 20% of the market, data from Lloyd’s List Intelligence showed.

Similarly, coal’s share declines in Japan’s energy mix from 32% in the 2019 fiscal year to 19% in 2030, down from the 26% in 2030 of the earlier energy strategy.

Japan was the third largest importer of thermal coal in 2019 according to the International Energy Agency, with a 13% market share.

 

On the other hand, renewables’ share more than doubles from 18% in 2019 to between 36% and 38% in 2030. That is an increase from the government’s initial goal of between 22% and 24% share for renewables in 2030.

Targets for nuclear power share in 20230 remained unchanged from the original strategy at 20% to 22%. Overall fossil fuels account for 41% of Japan's power mix in 2030, down from 56% set in the earlier plan.

The revised energy strategy comes after Japan committed earlier this year to reducing its greenhouse gas emissions by at least 46% by 2030 compared to 2013 levels. Last year it committed to becoming a net zero emitter by 2050.

Greenpeace Japan programme director Hisayo Takada said the draft plan was “disappointing as it is not anywhere near sufficient to meet the 1.5°C target”, according to an AFP report.

In 2015 governments at the United Nations agreed in Paris that they would work to keep global temperature increases this century to below 2°C and aim for 1.5°C.

Reuters reported that the Japanese industry ministry declined to comment on when the revised strategy will be finalised.

Related Content

Topics

UsernamePublicRestriction

Register

LL1137630

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel
;