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Japan aims to boost renewable energy to 40-50% of its electricity supply by 2040, alongside a 20% contribution from nuclear power, as part of a strategic push to meet rising energy demand sustainably.
Japan's government has unveiled a draft of its revised basic energy policy, targeting renewable energy to account for 40-50% of the country's electricity supply by fiscal year 2040. The plan also includes nuclear power contributing another 20%, showcasing Japan's commitment to a sustainable energy future amid rising demand.
As the world’s second-largest importer of liquefied natural gas (LNG) and a significant consumer of Middle Eastern oil, Japan's energy strategy is closely watched by global oil, gas, and coal markets.
The draft energy policy outlines a shift away from coal-fired thermal power plants, aiming to reduce their share in electricity generation from 68.6% in 2023 to between 30% and 40% by 2040, though the specific breakdown of coal, gas, and oil usage remains unspecified.
The policy draft highlights the importance of LNG-fired power as a transitional measure, with both government and private sectors working together to secure long-term LNG contracts to mitigate risks of price fluctuations and supply disruptions.
Japan's nuclear energy strategy also reflects a return to reliance on nuclear power. Despite challenges following the 2011 Fukushima disaster, the draft policy sets a 2040 nuclear contribution target of 20%, aligning with the 2030 goal of 20-22%. In 2023, nuclear power only made up 8.5% of Japan's energy supply.
The new plan removes the previous objective of minimizing reliance on nuclear energy and proposes constructing advanced next-generation reactors at sites where existing reactors are being decommissioned.
Japan's energy policy demonstrates a significant step forward in balancing renewable sources, nuclear energy, and LNG imports to ensure a stable and sustainable electricity supply for the future.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Belgium and Vietnam have signed agreements to collaborate on green hydrogen production during King Philippe’s historic visit to Hanoi.
The World Bank reported that air pollution leads to approximately 5.7 million deaths each year, with 95% of fatalities occurring in low- and middle-income nations. It also causes economic losses amounting to 5% of global GDP due to health impacts, productivity decline, and reduced life expectancy.
France, Italy, and Slovakia have urged the EU to simplify its carbon border levy rules this year, calling for reduced red tape and standardized emissions calculations to ease the burden on businesses.
The International Renewable Energy Agency (IRENA) officially confirmed that 2024 was a record year for renewables additions to global power capacity. Renewables represented more than 92 per cent of all new electricity generation capacity installed last year.
The Sydney opera house, and other iconic national monuments round the world turned off their lights at 8:30pm local time to commemorate earth hour.
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