Japan raises renewable energy targets


Japan and its basic energy plans are drawing global attention from coal, gas and oil producers. — Reuters

TOKYO: Japan wants renewable energy to account for up to 50% of its electricity mix by the financial year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a clean energy push while meeting rising power demand.

As the world’s second-largest importer of liquefied natural gas (LNG) and a major consumer of Middle Eastern oil, Japan and its basic energy plans are drawing global attention from coal, gas and oil producers.

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