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6 July, 2018

Strategic Energy Plan Approved by Cabinet: FEPC Chairman Calls It “Key Policy of the Nation”

On July 3, the Japanese government formally approved the fifth Strategic Energy Plan. Given that three years had passed since the previous plan was issued in 2014, the Strategic Policy Committee, under the Advisory Committee for Natural Resources and Energy, began deliberating the latest revisions in August 2017. The committee finalized its draft in May, taking into account proposals by the Round Table for Studying Energy Situations under the Ministry of Economy, Trade and Industry (METI).

The draft included development of a long-term scenario toward 2050 in response to targets under the Paris Agreement, an international framework for reducing greenhouse gas emissions. The new plan incorporates scenarios for implementation of a 2030 energy mix, and casts an eye on 2050 as well. Toward achieving the desired 2030 energy mix (a product of the long-term energy supply-and-demand outlook issued in July 2015)—efforts toward which it deems “incomplete so far”—the new plan adheres firmly to the principle of “3 E’s + S”: namely, the conventional three “E’s” of energy security, economy and environmental protection, plus the “S” of safety. It calls for energy conservation generally, and measures and responses tailored to each energy source, as follows: renewable energies (targeted at...more
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