Japan to abolish gas vehicles as part of “green growth plan”

CBS News / AP

Japan is aiming to abolish gasoline cars in about 15 years, the government is ambitious on Friday to decarbonize Prime Minister Yoshihide Suga by 2050, generating nearly $ 2 trillion in green business and investment growth Said in the plan to achieve the promise.

The Green Growth Strategy encourages utilities to strengthen renewable energy and hydrogen, and requires the automotive industry to be carbon-free by the mid-2030s.

According to a UN survey released earlier this month, climate change promises in wealthy countries are far below what is needed to stem an ecosystem crisis, with the world’s wealthiest 1% stopping. Therefore, it was necessary to reduce emissions by 97%. The worst impact of climate change. New studies also suggest that sea level is likely to rise higher and faster than previously predicted. Japan, a series of islands, is particularly vulnerable to the challenges posed by rising sea levels.

In his policy speech in October, Mr. Suga promised to achieve net zero carbon emissions in 30 years. He said green investment is an opportunity for growth, not a burden, as the world faces environmental problems.

This strategy, which provides a roadmap for achieving goals in various sectors, predicts a 30-50% increase in electricity demand and brings renewable energy in the country’s energy mix to about 50-60% from current levels. Asked to triple. Maximize the use of nuclear power as a stable and clean energy source.

However, it was unclear whether Suga had a political burden to overcome the vested interests in separating resource-poor Japan from its dependence on imported oil and gas.

The strategy identified 14 industries, including offshore wind, hydrogen, fuel ammonia, automotive, rechargeable batteries, and roadmaps for each sector. This strategy sets out a goal of installing up to 45 gigawatts of offshore wind power by 2040.

Under this strategy, the government will also provide tax incentives and other support to encourage investment in green technology. Based on this plan, Mr. Suga expects annual growth of 90 trillion yen ($ 870 billion) by 2030 and 190 trillion yen ($ 1.8 trillion) by 2050.

The government will provide companies with tax incentives and other financial support, including a $ 2 trillion ($ 19 billion) green fund.

Japan to abolish gas vehicles as part of “green growth plan”

Source link Japan to abolish gas vehicles as part of “green growth plan”

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