Japan earmarks $107 billion for developing hydrogen energy to cut emissions

    WORLD  06 June 2023 - 17:45

    Japan’s government on June 6 adopted a revision to the country’s plans to use more hydrogen as fuel as part of the effort to reduce carbon emissions.

    The plan sets an ambitious target to increase the annual supply by six times from the current level to 12 million tons by 2040. It also pledges 15 trillion yen ($107 billion) in funding from both private and public sources to build up hydrogen-related supply chains over the next 15 years, AP reports.

    Japan’s decarbonization strategy centres on using so-called clean coal, hydrogen and nuclear energy to bridge its transition to renewable energy. Russia’s war on Ukraine has deepened concerns over energy security and complicated that effort, but other advanced Western nations are pushing for faster adoption of renewable energy, such as solar, wind and geothermal.

    So far, Japan is relying on hydrogen mainly produced using fossil fuels.

    Some experts say strategies like commercializing the use of hydrogen and ammonia mainly cater to big business interests and major industries that are heavily invested in fossil fuel-based technologies and have power over the government policies.

    The revised plan prioritizes nine strategic areas, including development of water electrolysis equipment, fuel storage batteries and large-size tankers for transporting hydrogen.

    “Hydrogen is an industrial sector that can make a triple achievement of decarbonization, stable energy supply and economic growth in one shot,” Chief Cabinet Secretary Hirokazu Matsuno said at the Cabinet meeting Tuesday. “We will promote (hydrogen) on a large scale, both demand and supply.”

    Japan's leaders say they want to turn the country into a “hydrogen society," but the hydrogen industry is still in its initial stages. The government is still drafting legislation to support building necessary infrastructure and supply chains for commercial use of pure hydrogen and ammonia, another source of hydrogen.

    At a hydrogen council meeting with industrial leaders last week, Prime Minister Fumio Kishida said Japan aims to achieve an “ Asian zero-emission community,” contributing Japanese technology in hydrogen, ammonia and other decarbonization technologies.

    “By setting an ambitious goal we aim to make our plans more predictable and encourage long-term investment in developing a large-scale hydrogen supply and demand," Kishida said.

    The Cabinet also approved an annual energy report saying that economic sanctions against Russia for its war on Ukraine have increased long-term competition for liquefied natural gas, forecasting that shortages could persist through 2025. European demand for LNG as an alternative to Russian natural gas has pushed LNG prices higher, making it necessary to draw up a long-term strategy for securing stable energy supplies.

    Japan adopted a so-called “green transformation” plan in February that calls for promotion of next-generation solar batteries, offshore wind power and renewed use of nuclear energy.

    Some experts say strategies like commercializing the use of hydrogen and ammonia mainly cater to big business interests and major industries that are heavily invested in fossil fuel-based technologies and have power over the government policies.

    Caliber.Az

    Subscribe to our Telegram channel


Read also

Middle East flashpoint: Israel, Hezbollah, and Iran on collision course

24 July 2024 - 12:32

Poland’s EU deal for Ukraine hinges on settling Volhynia massacre dispute

24 July 2024 - 12:08

Russia imposes entry ban on 13 Japanese nationals in tit-for-tat move

24 July 2024 - 11:33

US Senator Bob Menendez resigns after corruption conviction

24 July 2024 - 09:49

US State Department working with allies to deprive Georgia of funding

24 July 2024 - 10:59

France sees rise in COVID-19 incidence ahead of Olympics

24 July 2024 - 11:44
ADVERTS
Video
Latest news

    Armenia - major purchaser of Indian weapons

    24 July 2024 - 12:44

    Middle East flashpoint: Israel, Hezbollah, and Iran on collision course

    24 July 2024 - 12:32

    TRNC President lauds Azerbaijan's support and diplomatic advances at OTS summit

    24 July 2024 - 12:20

    Poland’s EU deal for Ukraine hinges on settling Volhynia massacre dispute

    24 July 2024 - 12:08

    Azerbaijani, Uzbek leaders discuss bilateral relations in phone call

    24 July 2024 - 11:56

    France sees rise in COVID-19 incidence ahead of Olympics

    24 July 2024 - 11:44

    Armenian media questions Pashinyan’s potential visit to Baku for COP29

    24 July 2024 - 11:40

    Russia imposes entry ban on 13 Japanese nationals in tit-for-tat move

    24 July 2024 - 11:33

    OSCE long-term observers to arrive in Azerbaijan ahead of parliamentary elections

    24 July 2024 - 11:22

    Russia addresses discrimination against Russians at Yerevan's Zvartnots airport

    24 July 2024 - 11:10

    US State Department working with allies to deprive Georgia of funding

    24 July 2024 - 10:59

    Defence Minister Zakir Hasanov visits servicemen in liberated territories

    24 July 2024 - 10:47

    Azerbaijan, Russia hold high-level political consultations in Moscow

    24 July 2024 - 10:36

    Could France’s anti-NATO rhetoric trigger domestic turmoil?

    Leftist Mélenchon's stance sparks historical echoes

    24 July 2024 - 10:24

    Expert: EU to allocate money to Armenia from frozen Russian assets

    24 July 2024 - 10:13

    Russia signals readiness to support Georgian government

    24 July 2024 - 10:01

    US Senator Bob Menendez resigns after corruption conviction

    24 July 2024 - 09:49

    Azerbaijan, Italy explore bilateral cooperation & cultural projects

    PHOTO

    24 July 2024 - 09:37

    Türkiye building bridges in Africa via infrastructure & diplomacy

    Strategic investment cementing lasting ties

    24 July 2024 - 09:26

    FC Qarabağ kicks off Champions League campaign with a win

    24 July 2024 - 09:15

    China pressures US for nuclear disarmament concessions

    Suspends arms control negotiations

    24 July 2024 - 09:09

    Brussels' bait and Yerevan's rush to swallow it

    The visa-free temptation

    24 July 2024 - 09:00

    Soaring prices drive Turkish tourists to Greece

    Leaving local resorts struggling

    24 July 2024 - 07:03

    Spain at crossroads: Tourism boom vs local discontent

    24 July 2024 - 05:04

    US Navy pilot makes history as first woman to achieve air-to-air kill

    24 July 2024 - 03:05

    US Triton company unveils hydrogen internal combustion engine

    Pioneering clean energy in automotive industry

    24 July 2024 - 01:03

    China’s mathematics talent shines

    Shi Haojia wins gold again, but US leads team rankings

    23 July 2024 - 23:04

    Central Bank of Türkiye holds key rate steady at 50%

    23 July 2024 - 21:10

    China expands state secrets oversight with revised law

    23 July 2024 - 20:58

    Azerbaijan, UN discuss investments in net-zero initiatives

    23 July 2024 - 20:58

    US president promises to appoint new Secret Service leadership

    23 July 2024 - 20:46

    US Secret Service director resigns after Trump assassination attempt

    23 July 2024 - 20:34

    Turkish ruling party: Timing, venue of Erdogan-Assad meeting still pending

    23 July 2024 - 20:22

    US sends advanced air defence systems to northeast Syria

    PHOTO / VIDEO

    23 July 2024 - 20:10

    Pentagon: US adopts “monitor-and-respond” strategy in Arctic

    23 July 2024 - 19:58

    Ukrainian president’s team cultivates ties with Trump’s allies

    23 July 2024 - 19:46

    Elon Musk claims his son is "dead", blames "woke mind virus"

    23 July 2024 - 19:22

    US president to announce withdrawal from presidential race in July 24 speech

    23 July 2024 - 19:11

    Yemen government, Houthis reach deal on banking, airline operations

    De-escalating financial row

    23 July 2024 - 19:10

    Ukraine extends martial law, military mobilization

    23 July 2024 - 18:58

All news