Berliner Boersenzeitung - Japan sets new 2035 emissions cut goal

EUR -
AED 4.299853
AFN 74.344052
ALL 95.789291
AMD 433.719736
ANG 2.095639
AOA 1074.815564
ARS 1636.80461
AUD 1.62784
AWG 2.11041
AZN 1.994123
BAM 1.959681
BBD 2.359032
BDT 143.712152
BGN 1.953053
BHD 0.442875
BIF 3485.487753
BMD 1.170824
BND 1.495656
BOB 8.092993
BRL 5.786225
BSD 1.1713
BTN 111.542422
BWP 15.917455
BYN 3.31581
BYR 22948.14436
BZD 2.355625
CAD 1.593895
CDF 2711.627319
CHF 0.915198
CLF 0.027011
CLP 1063.073056
CNY 7.997019
CNH 7.993787
COP 4366.423043
CRC 532.846143
CUC 1.170824
CUP 31.026828
CVE 110.483329
CZK 24.38931
DJF 208.572164
DKK 7.473075
DOP 69.787014
DZD 155.052231
EGP 62.883063
ERN 17.562355
ETB 184.169742
FJD 2.570484
FKP 0.865073
GBP 0.863079
GEL 3.143653
GGP 0.865073
GHS 13.129946
GIP 0.865073
GMD 86.05441
GNF 10279.181237
GTQ 8.940553
GYD 245.044238
HKD 9.175025
HNL 31.134659
HRK 7.536005
HTG 153.290958
HUF 361.484206
IDR 20365.658543
ILS 3.441754
IMP 0.865073
INR 111.315358
IQD 1534.312333
IRR 1539633.155108
ISK 143.190852
JEP 0.865073
JMD 184.313439
JOD 0.830071
JPY 184.554011
KES 151.255766
KGS 102.353993
KHR 4698.284389
KMF 492.319084
KPW 1053.745062
KRW 1718.494066
KWD 0.360672
KYD 0.976029
KZT 544.255516
LAK 25720.827524
LBP 104886.769177
LKR 374.805861
LRD 214.924718
LSL 19.601283
LTL 3.457138
LVL 0.708219
LYD 7.430652
MAD 10.825338
MDL 20.215949
MGA 4878.640795
MKD 61.6797
MMK 2458.386282
MNT 4189.917915
MOP 9.454283
MRU 46.76782
MUR 54.970603
MVR 18.095098
MWK 2031.013533
MXN 20.361456
MYR 4.639386
MZN 74.827202
NAD 19.601619
NGN 1601.839035
NIO 43.104628
NOK 10.832274
NPR 178.468438
NZD 1.984974
OMR 0.450165
PAB 1.171315
PEN 4.106262
PGK 5.093086
PHP 71.979909
PKR 326.397921
PLN 4.24797
PYG 7097.024595
QAR 4.28106
RON 5.238972
RSD 117.37161
RUB 88.335611
RWF 1712.584278
SAR 4.393426
SBD 9.396877
SCR 15.95634
SDG 703.082091
SEK 10.822744
SGD 1.492672
SHP 0.874138
SLE 28.860487
SLL 24551.582917
SOS 669.422862
SRD 43.879025
STD 24233.686538
STN 24.548196
SVC 10.24812
SYP 129.411992
SZL 19.597811
THB 38.074607
TJS 10.951341
TMT 4.103737
TND 3.414763
TOP 2.819063
TRY 52.944529
TTD 7.939588
TWD 36.962316
TZS 3047.064776
UAH 51.473217
UGX 4421.681138
USD 1.170824
UYU 47.163402
UZS 14095.674202
VES 572.465755
VND 30819.592041
VUV 138.771326
WST 3.179876
XAF 657.255818
XAG 0.015869
XAU 0.000256
XCD 3.16421
XCG 2.110871
XDR 0.816807
XOF 657.255818
XPF 119.331742
YER 279.387816
ZAR 19.500127
ZMK 10538.807125
ZMW 22.107688
ZWL 377.004751
  • RIO

    1.5600

    100.19

    +1.56%

  • RBGPF

    1.6000

    64.7

    +2.47%

  • CMSC

    -0.0051

    22.865

    -0.02%

  • BCC

    0.1100

    74.44

    +0.15%

  • RELX

    -0.3400

    36.02

    -0.94%

  • GSK

    -0.5550

    50.345

    -1.1%

  • RYCEF

    0.1000

    16.45

    +0.61%

  • BTI

    0.8850

    59.235

    +1.49%

  • BCE

    0.1900

    24.12

    +0.79%

  • CMSD

    0.0360

    23.286

    +0.15%

  • JRI

    0.0620

    12.992

    +0.48%

  • VOD

    -0.2700

    15.78

    -1.71%

  • NGG

    0.5000

    88

    +0.57%

  • BP

    -0.2150

    46.725

    -0.46%

  • AZN

    -2.1600

    181.3

    -1.19%

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)