Electricity market liberalisation key to Japan's climate challenge
Japan’s electricity market reform could boost or complicate efforts to reduce carbon emissions and achieve its clean energy goals. Learn more about what needs to be in place for Japan to develop an innovative 21st century electricity sector...
Japan initiated a domestic power market reform last month. This could help the country get back on track to meet or beat its greenhouse gas emission reduction target, according to Pete Ogden and Ben Bovarnick from the Center for American Progress.
The aim of electricity market deregulation for Japan is to bring new companies into the power sector and foster competition to lower prices, but it also risks driving massive investment into new fossil fuel production.
In a commentary for Nikkei Asian Review, Ogden and Bovarnick shared that Japan must ensure that new entrants into the electricity markets buck the recent trend of increasing fossil fuel power generation.
Learn more here about their insights on how Japan can and must construct this new electricity paradigm within a policy framework that drives the sector toward reduced carbon pollution, and achieve the goals set by the Paris Climate Agreement
By : Nikkei Asian Review