Berliner Boersenzeitung - Japan sets new 2035 emissions cut goal

EUR -
AED 4.176264
AFN 79.390778
ALL 98.193331
AMD 435.359105
ANG 2.034873
AOA 1043.206027
ARS 1289.7675
AUD 1.750315
AWG 2.048029
AZN 1.937421
BAM 1.956066
BBD 2.291911
BDT 138.25877
BGN 1.95741
BHD 0.428558
BIF 3378.258635
BMD 1.137004
BND 1.460198
BOB 7.844065
BRL 6.420327
BSD 1.135154
BTN 96.761136
BWP 15.237069
BYN 3.714804
BYR 22285.28547
BZD 2.28011
CAD 1.561847
CDF 3257.517905
CHF 0.934014
CLF 0.027894
CLP 1070.435323
CNY 8.191325
CNH 8.155272
COP 4741.443703
CRC 577.378385
CUC 1.137004
CUP 30.130616
CVE 110.279972
CZK 24.862424
DJF 202.137442
DKK 7.464552
DOP 67.039101
DZD 150.321408
EGP 56.7187
ERN 17.055065
ETB 153.667162
FJD 2.560311
FKP 0.841706
GBP 0.840017
GEL 3.115836
GGP 0.841706
GHS 12.542703
GIP 0.841706
GMD 81.864718
GNF 9833.334982
GTQ 8.713183
GYD 237.482241
HKD 8.905683
HNL 29.547011
HRK 7.538002
HTG 148.530165
HUF 403.94398
IDR 18472.057095
ILS 4.107968
IMP 0.841706
INR 96.806883
IQD 1487.001877
IRR 47896.309096
ISK 145.150415
JEP 0.841706
JMD 180.384489
JOD 0.806181
JPY 162.103149
KES 146.699916
KGS 99.431468
KHR 4543.616845
KMF 494.032708
KPW 1023.288434
KRW 1552.841401
KWD 0.348504
KYD 0.945928
KZT 580.568819
LAK 24524.329445
LBP 101705.707657
LKR 339.836136
LRD 227.020821
LSL 20.317958
LTL 3.357279
LVL 0.687763
LYD 6.201842
MAD 10.434117
MDL 19.682672
MGA 5075.68908
MKD 61.538355
MMK 2386.919341
MNT 4068.577622
MOP 9.154843
MRU 45.143129
MUR 51.9729
MVR 17.578517
MWK 1968.267214
MXN 21.877499
MYR 4.81071
MZN 72.666378
NAD 20.317958
NGN 1807.613767
NIO 41.775672
NOK 11.49072
NPR 154.818018
NZD 1.89955
OMR 0.437609
PAB 1.135154
PEN 4.153064
PGK 4.653632
PHP 62.956357
PKR 319.939835
PLN 4.25999
PYG 9056.229482
QAR 4.137262
RON 5.055353
RSD 117.235916
RUB 90.212247
RWF 1626.02075
SAR 4.264548
SBD 9.494859
SCR 16.27821
SDG 682.775298
SEK 10.833622
SGD 1.46367
SHP 0.893507
SLE 25.833161
SLL 23842.413185
SOS 648.688066
SRD 42.270984
STD 23533.694664
SVC 9.932348
SYP 14783.277415
SZL 20.312758
THB 36.956096
TJS 11.63488
TMT 3.9852
TND 3.392961
TOP 2.662982
TRY 44.334973
TTD 7.716048
TWD 34.07864
TZS 3061.915688
UAH 47.117797
UGX 4143.562534
USD 1.137004
UYU 47.156402
UZS 14647.988624
VES 107.840913
VND 29509.811178
VUV 138.008217
WST 3.15657
XAF 656.046065
XAG 0.033953
XAU 0.000339
XCD 3.072812
XDR 0.815911
XOF 656.046065
XPF 119.331742
YER 277.258926
ZAR 20.27546
ZMK 10234.40773
ZMW 31.045215
ZWL 366.11494
  • CMSD

    0.1600

    21.89

    +0.73%

  • SCS

    -0.0600

    10.09

    -0.59%

  • NGG

    1.1600

    74.79

    +1.55%

  • GSK

    -0.2600

    38.66

    -0.67%

  • AZN

    0.4600

    70.41

    +0.65%

  • RBGPF

    65.0500

    65.05

    +100%

  • RYCEF

    0.1200

    11.32

    +1.06%

  • RIO

    0.4600

    61.58

    +0.75%

  • BCC

    -0.7700

    86.56

    -0.89%

  • CMSC

    -0.0200

    21.94

    -0.09%

  • JRI

    0.0500

    12.69

    +0.39%

  • BCE

    0.0600

    21.53

    +0.28%

  • BTI

    0.6200

    45.22

    +1.37%

  • BP

    0.1500

    29.09

    +0.52%

  • RELX

    0.4600

    55.44

    +0.83%

  • VOD

    -0.0700

    10.47

    -0.67%

Japan sets new 2035 emissions cut goal
Japan sets new 2035 emissions cut goal / Photo: Philip FONG - AFP

Japan sets new 2035 emissions cut goal

Japan Tuesday pledged to slash greenhouse gas emissions by 60 percent in the next decade from 2013 levels but climate campaigners said the revised target fell short of what was needed under the Paris Agreement to limit global warming.

Text size:

Under the Paris Agreement, each country is supposed to provide a steeper headline figure to the United Nations for cutting heat-trapping emissions by 2035, and a detailed blueprint for how to achieve this.

But activists say more ambitious action is needed to limit global warming to safer levels agreed under the Paris deal.

Japan's environment ministry said it aims to slash emissions 60 percent by the 2035 fiscal year.

The world's fourth-largest economy also aims to cut emissions by 73 percent by fiscal 2040 as part of its new Nationally Determined Contribution (NDC) -- a voluntary pledge to be submitted to the UN later on Tuesday.

Japan is heavily dependent on imported fossil fuels as the world's fifth largest single-country emitter of carbon dioxide after China, the United States, India and Russia.

Nearly 200 nations had been required to deliver their fresh climate plans by February 10 but just 10 did so on time, according to a UN database tracking the submissions.

The Japanese ministry said Tuesday that its "ambitious targets (are) aligned with the global 1.5 degree Celsius goal and on a straight pathway towards the achievement of net zero by 2050".

But Masayoshi Iyoda from international environmental group 350.org noted that scientists say an emissions cut of 81 percent by 2035 is needed for Japan to honour its commitments to the 1.5 degree objective.

"This is a major failure in Japan's attempt to transition to a future of renewable energy that is fair and just," he told AFP.

Kazue Suzuki of Greenpeace Japan also called the new 2030 target "far too low", calling for a 78 percent reduction "from the perspective of our responsibility as an industrially advanced country".

- Renewable future? -

In 2016, Japan committed to a 26 percent reduction in emissions by 2030. It strengthened this in 2021 to 46 percent by 2030 compared to 2013 levels.

The Japanese government also on Tuesday approved its latest Strategic Energy Plan -- which includes an intention to make renewables the country's top power source by 2040.

Nearly 14 years after the Fukushima disaster, Japan also sees a major role for nuclear power to help it meet growing energy demand from AI and microchip factories.

So a previous pledge to "reduce reliance on nuclear power as much as possible" was dropped from the new plan.

A draft energy plan released in December had said Japan would jointly promote renewable energy and hydrogen fuel with its ally the United States.

But after President Donald Trump pulled Washington out of the Paris accord last month, the wording has been watered down, with mentions of a US-led clean economy framework deleted from the edition approved on Tuesday.

"We've made certain tweaks" following Trump's announcements, an industry ministry official told reporters Monday.

But "it doesn't mean Japan's broader efforts towards a 'green transformation' will be changed significantly", he said.

Nearly 70 percent of Japan's power needs in 2023 were met by power plants burning coal, gas and oil -- a figure Tokyo wants to slash to 30-40 percent over the next 15 years.

Almost all these fossil fuels must be imported, at a cost of around $470 million per day according to Japanese customs.

Under the new plans, renewables such as solar and wind are expected to account for 40-50 percent of electricity generation by 2040.

(L.Kaufmann--BBZ)