Japan has one of the highest installed renewable energy capacities in the world. The country is also one of the world’s largest consumers of energy. Lacking its own fossil fuel resources, it relies on imports for nearly all of its supply. This dependence on imports makes the country vulnerable to external forces, such as volatile fossil fuel prices and geopolitical shocks.
Japan has pledged to achieve carbon neutrality by 2050, and key question is how such a complex transformation affects the well-being and overall welfare of the Japanese people. The analysis in this report by IRENA shows a comprehensive and more ambitious energy transformation in tune with Paris Climate Agreement goals supports core policy objectives such as economic growth and social well-being, and provides a unique opportunity to revitalise the rural economy, increase regional autonomy and create jobs in Japan.
Access the complete report here
