Berliner Boersenzeitung - Japan sets new 2035 emissions cut goal

EUR -
AED 4.242245
AFN 75.654532
ALL 93.325519
AMD 422.942357
AOA 1059.262039
ARS 1728.414775
AUD 1.636649
AWG 2.079249
AZN 1.966445
BAM 1.956746
BBD 2.325324
BDT 142.909084
BHD 0.435409
BIF 3445.050474
BMD 1.155138
BND 1.480416
BOB 14.021475
BRL 5.929904
BSD 1.154558
BTN 109.759584
BWP 15.656501
BYN 3.414651
BYR 22640.712839
BZD 2.321972
CAD 1.619464
CDF 2610.61251
CHF 0.932426
CLF 0.026751
CLP 1056.327434
CNY 7.801285
CNH 7.794025
COP 3684.972388
CRC 523.553093
CUC 1.155138
CUP 30.611168
CVE 110.318329
CZK 24.185945
DJF 205.581372
DKK 7.475951
DOP 67.33255
DZD 153.427453
EGP 57.552814
ERN 17.327076
ETB 186.341747
FJD 2.553022
FKP 0.858526
GBP 0.85735
GEL 3.015253
GGP 0.858526
GHS 13.536016
GIP 0.858526
GMD 85.480763
GNF 10140.902255
GTQ 8.806257
GYD 241.50734
HKD 9.060848
HNL 30.944959
HRK 7.535202
HTG 150.952973
HUF 361.642075
IDR 20621.530898
ILS 3.469747
IMP 0.858526
INR 109.753455
IQD 1512.43113
IRR 1588459.705816
ISK 141.815708
JEP 0.858526
JMD 183.468691
JOD 0.818964
JPY 181.916396
KES 149.440027
KGS 101.0169
KHR 4679.241757
KMF 494.399724
KRW 1643.149575
KWD 0.357204
KYD 0.962161
KZT 541.779559
LAK 26098.051339
LBP 103385.040277
LKR 387.427288
LRD 208.389837
LSL 18.940556
LTL 3.410824
LVL 0.698732
LYD 7.348552
MAD 10.760502
MDL 20.05961
MGA 4914.26927
MKD 61.559759
MMK 2424.984769
MNT 4156.41639
MOP 9.327369
MRU 46.29638
MUR 54.279962
MVR 17.8581
MWK 2001.889755
MXN 19.879863
MYR 4.729249
MZN 73.808421
NAD 18.940556
NGN 1573.448369
NIO 42.490541
NOK 10.989496
NPR 175.616656
NZD 1.963302
OMR 0.444142
PAB 1.154533
PEN 3.908289
PGK 5.176502
PHP 70.003118
PKR 320.581474
PLN 4.299373
PYG 6885.328464
QAR 4.22094
RON 5.247563
RSD 117.352814
RUB 93.537754
RWF 1696.012535
SAR 4.33469
SBD 9.323758
SCR 15.493821
SDG 693.672599
SEK 10.949522
SGD 1.479507
SLE 27.607866
SOS 659.821823
SRD 43.511783
STD 23909.032875
STN 24.511849
SVC 10.101883
SZL 18.925231
THB 38.212042
TJS 10.656021
TMT 4.054536
TND 3.387638
TRY 54.956167
TTD 7.831786
TWD 37.301841
TZS 3061.11446
UAH 51.665276
UGX 4306.08162
USD 1.155138
UYU 46.422441
UZS 13724.634681
VES 871.218385
VND 30323.538404
VUV 138.112979
WST 3.161328
XAF 656.27141
XAG 0.018521
XAU 0.000272
XCD 3.121819
XCG 2.080715
XDR 0.817207
XOF 656.274252
XPF 119.331742
YER 275.327055
ZAR 18.833613
ZMK 10397.632497
ZMW 22.039177
ZWL 371.954097
  • RYCEF

    0.6500

    21

    +3.1%

  • GSK

    0.0700

    51.6

    +0.14%

  • CMSC

    -0.0350

    21.755

    -0.16%

  • BTI

    -0.0400

    59.08

    -0.07%

  • RELX

    -0.1330

    36.667

    -0.36%

  • VOD

    -0.3400

    15.35

    -2.21%

  • AZN

    6.7700

    162.39

    +4.17%

  • RIO

    2.3450

    101.355

    +2.31%

  • BCE

    -0.1650

    21.835

    -0.76%

  • NGG

    -0.2000

    80.22

    -0.25%

  • BP

    -0.6850

    41.755

    -1.64%

  • BCC

    -1.5700

    84.92

    -1.85%

  • CMSD

    -0.0200

    22

    -0.09%

  • JRI

    -0.0600

    12.66

    -0.47%

  • RBGPF

    -1.2500

    69.74

    -1.79%

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)