The Cabinet approved a draft amendment to the Energy Conservation Law. (March 1, 2022)
It is expected to go into effect on April 1, 2023, with passage in the current ordinary Diet session.
The revision will require companies with high energy consumption to set targets for non-fossil energy use.
Specified enterprises have been required to calculate their own greenhouse gas emissions and report them to the government, but now they will be required to go even further and set and implement reduction targets.
In future business activities, the introduction of non-petrochemical energy sources is expected to increase widely, and the concept of “internal carbon pricing,” in which carbon dioxide emissions are considered as a cost in capital investment decisions, is also expected to spread.
On the other hand, environmental groups and others have immediately voiced their opposition to the “decarbonization of coal-fired power generation” that uses ammonia and other substances, and there is a continuing movement to press for further decisions, saying that “a path to a shift to renewable energy sources should be promptly shown to the world.
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(Ministry of Economy, Trade and Industry)
The Cabinet approved the “Bill for Partial Revision of the Act on the Rational Use of Energy and Other Related Matters for the Purpose of Establishing a Stable Energy Supply and Demand Structure.
https://www.meti.go.jp/english/press/2022/0301_004.html