{"id":12175,"date":"2024-03-27T17:38:23","date_gmt":"2024-03-27T08:38:23","guid":{"rendered":"https:\/\/codo.jp\/?p=12175"},"modified":"2026-06-03T14:48:33","modified_gmt":"2026-06-03T05:48:33","slug":"a-review-of-metis-gx-energy-plan","status":"publish","type":"post","link":"https:\/\/codo.jp\/en\/a-review-of-metis-gx-energy-plan\/","title":{"rendered":"A review of METI&#8217;s GX Energy Plan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-cover\" style=\"margin-top:var(--wp--preset--spacing--40);margin-bottom:var(--wp--preset--spacing--40)\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-foreground-background-color has-background-dim-100 has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-container-core-cover-is-layout-d0042e99 wp-block-cover-is-layout-constrained\">\n<p class=\"has-text-align-left has-background-color has-text-color has-link-color has-large-font-size wp-elements-721bc125dec34ebbcf7f0acc2dce6e9e wp-block-paragraph\"><strong>The takeaways <\/strong><\/p>\n\n\n\n<ul style=\"margin-top:var(--wp--preset--spacing--40);margin-right:var(--wp--preset--spacing--40);margin-bottom:var(--wp--preset--spacing--40);margin-left:var(--wp--preset--spacing--40);padding-right:var(--wp--preset--spacing--40);padding-left:var(--wp--preset--spacing--40)\" class=\"wp-block-list\">\n<li>Two main takeaways: <strong>renewables and safe nuclear<\/strong><\/li>\n\n\n\n<li>Nuclear is back on the table, as long as it is safe.<\/li>\n\n\n\n<li>Renewables need to increase by 61%, and even that won\u2019t compete with many of the OECD countries for total kWh generated.\n<ul class=\"wp-block-list\">\n<li>Flexible solar and offshore wind are the investment favorites.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Grid investment is on the way, with widescale interconnectivity set for 2050.<\/li>\n\n\n\n<li>Hydrogen is still the golden child, but mentions of ammonia are much quieter compared to last year.<\/li>\n\n\n\n<li>GX Bond investments are primed to flow through targeted projects.<\/li>\n\n\n\n<li>Carbon pricing is coming! Fossil fuels will be taxed starting 2028, and general trading will start in 2033.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n<nav aria-label=\"Table of Contents\" style=\"padding-top:var(--wp--preset--spacing--30);padding-bottom:var(--wp--preset--spacing--30)\" class=\"wp-elements-9e4781461d35f7d2d30bbfd2b5df278f wp-block-table-of-contents has-text-color has-primary-color has-normal-font-size\"><ol><li><a class=\"wp-block-table-of-contents__entry\" href=\"#background-and-context\">Background and Context<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"#overview-of-the-gx-plan\">Overview of the GX plan<\/a><\/li><li><a class=\"wp-block-table-of-contents__entry\" href=\"#analyzing-key-components\">Analyzing Key Components<\/a><\/li><\/ol><\/nav>\n\n\n<h3 class=\"wp-block-heading has-primary-color has-text-color has-link-color wp-elements-858e2b617a8c805a41a5c3fe4f7c4a09\" id=\"background-and-context\" style=\"margin-top:var(--wp--preset--spacing--40);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40)\">Background and Context <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Japan is facing a dilemma.<\/strong> Fifteen years ago, when Japan was the world\u2019s greatest proponent of safe nuclear energy, Japan led the world with increasingly ambitious emission reduction targets long before the Paris Climate Accords pushed countries to achieve net zero carbon emissions by 2050<sup data-fn=\"b4bc119b-2af4-4f3f-9e3b-29874f6b6fc2\" class=\"fn\"><a href=\"#b4bc119b-2af4-4f3f-9e3b-29874f6b6fc2\" id=\"b4bc119b-2af4-4f3f-9e3b-29874f6b6fc2-link\">1<\/a><\/sup>. Scarcely more than a year following that commitment, however, expansion of nuclear power, and with it Japan\u2019s most viable carbon neutral energy source, was taken off the table. After years of various investments and fears of grid instability, Japan\u2019s renewable mix is still flagging behind other developed nations. But changes to power infrastructure are not a quick fix \u2013 to meet 2050 goals Japan needs to make targeted investments now. These investments are funded by the newly issued sovereign<span style=\"text-decoration: underline;\"> <a href=\"#definitions\">GX Transition Bonds<\/a><\/span> scheme and shaped by the comprehensive <a href=\"#definitions\"><span style=\"text-decoration: underline;\">GX<\/span><\/a> energy plan outlined by METI. Innovative renewables, a return to safe nuclear, and massive grid and storage infrastructure development will be paid for through a phasing in of mandatory carbon pricing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Japan\u2019s energy history has been one of a struggle for reliable supply. Certain factions in Japan will even claim Japan\u2019s participation in WWII and the bombing of Pearl Harbor were out of a desperate demand for oil. In the modern, post-war era Japan thought they had found the solution to the problem that had long plagued their development \u2013 nuclear power plants. Finally, Japan could secure their energy supply through domestic production suitable to meet their demands. Everything changed when a massive earthquake triggered a devastating tsunami and subsequent failure of the Fukushima nuclear plant 1 which came to be known as the 3\/11 natural disaster. Japan quickly pivoted from nuclear-fueled power to tried-and-true thermal generation fueled by oil and coal. Immediate need supplanted any thought of future emission goals. But even as immediate need was sufficiently met, Japan continued along the path set following the disaster. For long-term reliability, Japan pioneered much of the emerging LNG society.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Renewable energy sources such as solar and wind were treated as supplementary to the vast majority of energy being derived from fossil fuel thermo-generation. While a system to guarantee the purchase price (feed in tariffs, FIT) of low-carbon energy was put in place, then extended, to encourage the installation of solar and renewable energies, the amount of generated energy that could be sold back to the grid was capped to protect overall grid stability. Rather than use the challenge as an opportunity to pioneer a truly \u201csmart\u201d grid integrating renewables to their maximum capabilities, Japan favored the safety and security of a fossil fuel-derived base load supplemented by renewable energy. As such, 13 years after the disaster, Japan remains 41st, behind countries like Pakistan, Czechia, and China, in terms of percentage of energy demand from renewable sources.<sup data-fn=\"d985a25e-344b-4c56-a574-581e92f994b8\" class=\"fn\"><a href=\"#d985a25e-344b-4c56-a574-581e92f994b8\" id=\"d985a25e-344b-4c56-a574-581e92f994b8-link\">2<\/a><\/sup> The ranking falls even farther if controversial bioenergy and hydropower are removed. Far from making significant progress towards their decarbonization goal, Japan has found themselves in a state where only 11% of their energy demand is self-sufficient.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Now, 13 years after the 3\/11 disaster that left a large swath of Fukushima prefecture wrestling with nuclear contamination, global geopolitical shifts have made energy self-sufficiency a top priority. When Russia invaded Ukraine in the midst of the Covid pandemic, Japan became brutally aware of the fragility of its own energy supply chain \u2013 and the troubling rumblings coming from some of its neighbors. In response, the Japanese government has shifted their messaging. In addition to supporting the development and deployment of innovative renewables like offshore wind and <a href=\"#definitions\"><span style=\"text-decoration: underline;\">flexible solar<\/span>,<\/a> Japan is shifting their stance from nuclear avoidance to nuclear acclaim \u2013 with the caveat that it be done safely.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-primary-color has-text-color has-link-color wp-elements-bd7b2abb2a56e8f272d264d86f474477\" id=\"overview-of-the-gx-plan\" style=\"margin-top:var(--wp--preset--spacing--40);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40)\">Overview of the GX plan <\/h3>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-67df5a26 wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--40);margin-bottom:var(--wp--preset--spacing--40)\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-constrained wp-block-column-is-layout-constrained\" style=\"flex-basis:50.33%\">\n<div class=\"wp-block-group is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-ccb784a6 wp-block-group-is-layout-flex\">\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Planned Renewable Energy as a Percentage of Total Demand<\/strong> (Figure 1)<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"674\" height=\"396\" data-attachment-id=\"12202\" data-permalink=\"https:\/\/codo.jp\/en\/a-review-of-metis-gx-energy-plan\/image-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-8.png?fit=674%2C396&amp;ssl=1\" data-orig-size=\"674,396\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;alt&quot;:&quot;&quot;}\" data-image-title=\"image-8\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-8.png?fit=674%2C396&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-8.png?resize=674%2C396&#038;ssl=1\" alt=\"\" class=\"wp-image-12202\" srcset=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-8.png?w=674&amp;ssl=1 674w, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-8.png?resize=300%2C176&amp;ssl=1 300w\" sizes=\"auto, (max-width: 674px) 100vw, 674px\" \/><\/figure>\n\n\n\n<p class=\"has-x-small-font-size wp-block-paragraph\">Source : <a href=\"https:\/\/www.enecho.meti.go.jp\/category\/others\/basic_plan\/pdf\/20211022_03.pdf\">2030\u5e74\u5ea6\u306b\u304a\u3051\u308b\u30a8\u30cd\u30eb\u30ae\u30fc\u4f9b\u7d66\u306e\u898b\u76f4\u3057<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p class=\"wp-block-paragraph\"><br><strong>While Japan\u2019s total renewable energy supply as compared to total energy demand remains low compared to other developed nations, due to the beneficial FIT policies phased out in 2021\/2022, many of the easily developed sites for traditional renewables (onshore solar, wind) have been capitalized upon. <\/strong>The remaining sites for traditional renewables face barriers to development from local opposition, geographical difficulties (extremely steep, forested mountainsides), and poor energy generation efficiency (often shaded, etc). As such, the government intends to continue increasing renewable energy generation by investing in developing technologies such as flexible perovskite and offshore wind turbines. Overall, the Japanese government intends to more than double the percentage of renewable energy in the <span style=\"text-decoration: underline;\"><a href=\"#definitions\">energy mix <\/a><\/span>by 2030. (Figure 1)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br>Flexible perovskite solar is an emerging technology out of Japan. The Japanese government hopes to leverage the lightweight malleability of the panels to harness solar energy from places previously inaccessible to the rigid, heavy PV panels generally in use today such as building walls and awnings. By presenting a successor technology, Japan also seeks to present a challenge to the Chinese dominance over manufacturing in the green sector.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Renewable energy supply growth is spurred not only by national carbon neutrality pledges, but also by demand from the public and private sector to reduce the cost and carbon intensity of public energy supply. Power supply, however, is a complex balance between supply and demand. Renewable energy experiences natural variations during the course of a day depending upon the light or wind intensity. For many years, the fear of this variability disrupting the overall power grid led to a reluctance to rely upon renewable electricity beyond a certain threshold. To mitigate the variability, METI is investing in both storage and transport, the hydrogen ecosystem and the power grid.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-primary-color has-text-color has-link-color wp-elements-2c004b551bd802bbc00206075c07dc9c\" id=\"analyzing-key-components\" style=\"margin-top:var(--wp--preset--spacing--40);margin-bottom:var(--wp--preset--spacing--40);padding-top:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40)\">Analyzing Key Components<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Plans have been announced for a massive power grid overhaul to manage the increasingly diversified power supply. <\/strong>Hokkaido, as a planned major renewable hub, will be connected to the main island power grid through a massive underwater cable. Incentives for optimizing energy use during times of high supply will be provided through <span style=\"text-decoration: underline;\"><a href=\"#definitions\">demand-response<\/a> <\/span>infrastructure and pricing systems. Overall, these enhancements are budgeted for 7 trillion yen and planned to be completed by 2050.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a id=\"_msocom_1\"><\/a><\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"padding-top:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40)\"><strong>Grid Advancements Planned for 2050<\/strong> (Figure 2)<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"921\" height=\"468\" data-attachment-id=\"12187\" data-permalink=\"https:\/\/codo.jp\/en\/a-review-of-metis-gx-energy-plan\/image-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-6.png?fit=921%2C468&amp;ssl=1\" data-orig-size=\"921,468\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;alt&quot;:&quot;&quot;}\" data-image-title=\"image-6\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-6.png?fit=921%2C468&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-6.png?resize=921%2C468&#038;ssl=1\" alt=\"\" class=\"wp-image-12187\" srcset=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-6.png?w=921&amp;ssl=1 921w, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-6.png?resize=300%2C152&amp;ssl=1 300w, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-6.png?resize=768%2C390&amp;ssl=1 768w\" sizes=\"auto, (max-width: 921px) 100vw, 921px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center has-x-small-font-size wp-block-paragraph\" style=\"padding-bottom:var(--wp--preset--spacing--40)\">Source: <a href=\"https:\/\/www.occto.or.jp\/kouikikeitou\/chokihoushin\/files\/chokihoushin_23_01_02.pdf\">\u5e83\u57df\u7cfb\u7d71\u9577\u671f\u65b9\u91dd\uff08\u5e83\u57df\u9023\u7cfb\u7cfb\u7d71\u306e\u30de\u30b9\u30bf\u30fc\u30d7\u30e9\u30f3\uff09<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition to investing in the transport and usage side in terms of the power grid, Japan will be investing in storage options. Japan is particularly focused on emerging energy storage in the form of hydrogen and <span style=\"text-decoration: underline;\"><a href=\"#definitions\">hydrogen carrier fuels<\/a><\/span> such as ammonia and e-methane. While many technical and logistical challenges remain, hydrogen and other carrier fuels provide a low-carbon intensity alternative for both energy storage and the high-quality heat demands of hard to decarbonize industries like steel. The dual applicability makes it an area of extreme interest for a heavily industrialized economy like Japan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All in all, these investments will be made through issuance of 20 Trillion in GX Bonds issued by the Japanese government starting in February of this year. This level of financing is intended to spur the private sector to invest a total of 150 trillion yen in similarly targeted green investments. METI plans to further incentivize the investments, and repay their own debt issuances, through phasing in carbon pricing. The voluntary emissions trading scheme (ETS) started in April of 2023 to refine and develop the logistical methodology. Participation in the voluntary scheme will contribute to companies being able to access some of the financing from the GX Bonds. In 2028 the scheme will evolve from voluntary to mandatory for the fossil fuel sector. Taxes on carbon emission potential will drive the need to reduce reliance upon such highly emitting sources. In 2033, the trading will be expanded to all sectors.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Carbon Pricing to Repay Bonds<\/strong> (Figure 3)<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"854\" height=\"468\" data-attachment-id=\"12190\" data-permalink=\"https:\/\/codo.jp\/en\/a-review-of-metis-gx-energy-plan\/image-7\/\" data-orig-file=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-7.png?fit=854%2C468&amp;ssl=1\" data-orig-size=\"854,468\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;alt&quot;:&quot;&quot;}\" data-image-title=\"image-7\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-7.png?fit=854%2C468&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-7.png?resize=854%2C468&#038;ssl=1\" alt=\"\" class=\"wp-image-12190\" srcset=\"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-7.png?w=854&amp;ssl=1 854w, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-7.png?resize=300%2C164&amp;ssl=1 300w, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/03\/image-7.png?resize=768%2C421&amp;ssl=1 768w\" sizes=\"auto, (max-width: 854px) 100vw, 854px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center has-x-small-font-size wp-block-paragraph\" style=\"padding-bottom:var(--wp--preset--spacing--40)\">Source: <a href=\"https:\/\/www.mof.go.jp\/english\/policy\/jgbs\/topics\/JapanClimateTransitionBonds\/climate_transition_bond_framework_eng.pdf\">Japan Climate Transition Framework<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In our upcoming insights articles, we will look into the GX Bond issuances and how companies can access these targeted investments.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-dots\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--30)\"\/>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\" id=\"definitions\"><strong>Key Terminologies<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>GX<\/strong>: Green Transformation. A common acronym used by the Japanese government to describe a shift toward clean energy sources and away from fossil fuels.<\/li>\n\n\n\n<li><strong>GX Transition Bonds<\/strong>: Japanese government bonds issued by the Japanese government as a means of financing decarbonization activities.<\/li>\n\n\n\n<li><strong>Flexible Solar (Flexible perovskite)<\/strong>: Emerging solar panel technology manufactured using extremely flexible materials.<\/li>\n\n\n\n<li><strong>Energy mix<\/strong>: A combination of energy sources used by a particular region or country to supply energy.<\/li>\n\n\n\n<li><strong>Demand-response<\/strong>: Matching the quantity of electricity demanded to the quantity supplied. The aim is to reduce waste of resources by keeping the supply constant and reducing waste to the amount of electricity generated.<\/li>\n\n\n\n<li><strong>Hydrogen carrier fuels<\/strong>: A means of transporting hydrogen more easily by hydrating a chemical compound at the site of production and then dehydriding it either at the point of delivery or once it is in a fuel cell vehicle. Common examples include ammonia, e-methane, and liquid organic hydrogen compounds (LOHCs).<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-group alignfull has-primary-background-color has-background is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-550f5ff4 wp-block-group-is-layout-flex\" style=\"margin-top:30px;margin-bottom:30px;background-image:url(&apos;https:\/\/codo.jp\/wp-content\/uploads\/2024\/08\/mic.png&apos;);background-position:38% 44%;background-size:cover;\">\n<p class=\"has-foreground-color has-text-color has-link-color wp-elements-11938bd68f3f11a23d1a855cade475c1 wp-block-paragraph\" style=\"font-size:42px;font-style:normal;font-weight:700\">Which topic should we cover next? Let us know!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-fill\"><a class=\"wp-block-button__link has-foreground-background-color has-background wp-element-button\" href=\"https:\/\/forms.office.com\/r\/JjFmDk3Rix\"><strong>Answer this short survey!<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-foreground-background-color has-background is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-7fa08b5e wp-block-group-is-layout-flex\">\n<p class=\"has-text-align-center has-background-color has-text-color has-link-color has-large-font-size wp-elements-1d32039671c2371b34283dfe99b804d9 wp-block-paragraph\">Are you looking for support in your sustainability journey?<br>Get in touch! <\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-container-core-buttons-is-layout-26a9101a wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/codo.jp\/en\/our-services-2\/\"><strong>Our services<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/codo.jp\/en\/contact-us-en\/\"><strong>Contact us<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\" style=\"margin-top:var(--wp--preset--spacing--30);margin-bottom:var(--wp--preset--spacing--30)\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<ol class=\"wp-block-footnotes\"><li id=\"b4bc119b-2af4-4f3f-9e3b-29874f6b6fc2\"><a href=\"https:\/\/japan.kantei.go.jp\/hatoyama\/statement\/200909\/ehat_0922_e.html\">https:\/\/japan.kantei.go.jp\/hatoyama\/statement\/200909\/ehat_0922_e.html<\/a> <a href=\"#b4bc119b-2af4-4f3f-9e3b-29874f6b6fc2-link\" aria-label=\"Jump to footnote reference 1\">\u21a9\ufe0e<\/a><\/li><li id=\"d985a25e-344b-4c56-a574-581e92f994b8\"><strong>Data source:<\/strong>\u00a0Energy Institute &#8211; Statistical Review of World Energy (2023) (<strong>Note:<\/strong>\u00a0Renewables include hydropower, solar, wind, geothermal, wave, tidal, and bioenergy, but not traditional biofuels.) <a href=\"#d985a25e-344b-4c56-a574-581e92f994b8-link\" aria-label=\"Jump to footnote reference 2\">\u21a9\ufe0e<\/a><\/li><\/ol>","protected":false},"excerpt":{"rendered":"<p>Background and Context Japan is facing a dilemma. Fifteen years ago, when Japan was the world\u2019s greatest proponent of safe nuclear energy, Japan led the world with increasingly ambitious emission [&hellip;]<\/p>\n","protected":false},"author":215924084,"featured_media":9714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"[{\"content\":\"<a href=\\\"https:\/\/japan.kantei.go.jp\/hatoyama\/statement\/200909\/ehat_0922_e.html\\\">https:\/\/japan.kantei.go.jp\/hatoyama\/statement\/200909\/ehat_0922_e.html<\/a>\",\"id\":\"b4bc119b-2af4-4f3f-9e3b-29874f6b6fc2\"},{\"content\":\"<strong>Data source:<\/strong>\u00a0Energy Institute - Statistical Review of World Energy (2023) (<strong>Note:<\/strong>\u00a0Renewables include hydropower, solar, wind, geothermal, wave, tidal, and bioenergy, but not traditional biofuels.)\",\"id\":\"d985a25e-344b-4c56-a574-581e92f994b8\"}]","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[1542,1783],"tags":[],"class_list":["post-12175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-codos-insights","category-renewableenergy"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":false,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/peFE9T-3an","jetpack-related-posts":[{"id":18679,"url":"https:\/\/codo.jp\/en\/japans-ambitious-energy-strategy-energy-of-the-near-future-series\/","url_meta":{"origin":12175,"position":0},"title":"Japan\u2019s Ambitious Energy Strategy: Energy of the Near Future Part 1","author":"morganecodo","date":"2025-11-26","format":false,"excerpt":"Emilie Jones | Senior Sustainability Consultant Share this article Energy demands are increasing at unprecedented rates, geo-political conflicts are enhancing the need for energy security, climate tipping points are being passed faster than expected, and economic shifts coupled with Japanese domestic political upheaval are driving development interests focused on critical\u2026","rel":"","context":"In &quot;Codo&#039;s Insights&quot;","block_context":{"text":"Codo&#039;s Insights","link":"https:\/\/codo.jp\/en\/category\/codos-insights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/11\/Ref-AirLiquide.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/11\/Ref-AirLiquide.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/11\/Ref-AirLiquide.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/11\/Ref-AirLiquide.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/11\/Ref-AirLiquide.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":18992,"url":"https:\/\/codo.jp\/en\/japans-ambitious-energy-strategy-energy-of-the-near-future-series2-en\/","url_meta":{"origin":12175,"position":1},"title":"Grid or Greenfield? Understanding how to Design your Transition Roadmap in Japan\u2019s Developing Energy Mix: Energy of the Near Future Part 2","author":"morganecodo","date":"2025-12-18","format":false,"excerpt":"Emilie Jones | Senior Sustainability Consultant Share this article In our previous article, we discussed how Japan\u2019s 7th Strategic Energy Plan is driven by the government\u2019s need for secure, sufficient, reliable energy to meet economic development pathways around the digital and green transitions (DX, GX). Corporations realizing these transitions require\u2026","rel":"","context":"In &quot;Codo&#039;s Insights&quot;","block_context":{"text":"Codo&#039;s Insights","link":"https:\/\/codo.jp\/en\/category\/codos-insights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/12\/Nuclear-vs-Solar.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/12\/Nuclear-vs-Solar.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/12\/Nuclear-vs-Solar.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/12\/Nuclear-vs-Solar.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2025\/12\/Nuclear-vs-Solar.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5742,"url":"https:\/\/codo.jp\/en\/weekly-news-4th-to-10th-october-2022\/","url_meta":{"origin":12175,"position":2},"title":"Weekly News | 4th to 10th October 2022","author":"morganecodo","date":"2022-10-12","format":false,"excerpt":"Codo Advisory keeps an eye for you on the latest events and trends in climate finance and corporate sustainability, in the world and in Japan.","rel":"","context":"In &quot;Weekly News&quot;","block_context":{"text":"Weekly News","link":"https:\/\/codo.jp\/en\/category\/weekly-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7056,"url":"https:\/\/codo.jp\/en\/is-your-company-ready-for-metis-gx-league-transition-requirements\/","url_meta":{"origin":12175,"position":3},"title":"Is your company ready for METI\u2019s GX League transition requirements?\u00a0","author":"morganecodo","date":"2023-02-24","format":false,"excerpt":"In 2022, the Ministry of Economy, Trade, and Industry of Japan (METI) launched the \u201cGX League\u201d initiative to facilitate public-private-academia cooperation towards the decarbonization of Japan. METI recently announced the requirements for member companies to maintain an active participation to the GX League. 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The GX Skill Standard, introduced in May 2024 by a dedicated working group of the GX League, aims to bridge the skills gap by defining essential knowledge and\u2026","rel":"","context":"In &quot;Codo&#039;s Insights&quot;","block_context":{"text":"Codo&#039;s Insights","link":"https:\/\/codo.jp\/en\/category\/codos-insights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/04\/scramble-crossing.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/04\/scramble-crossing.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/04\/scramble-crossing.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/04\/scramble-crossing.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2024\/04\/scramble-crossing.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5027,"url":"https:\/\/codo.jp\/en\/weekly-news-6th-to-11th-july-2022\/","url_meta":{"origin":12175,"position":5},"title":"Weekly News | 5th to 11th July 2022","author":"morganecodo","date":"2022-07-11","format":false,"excerpt":"Codo Advisory keeps an eye for you on the latest events and trends in climate finance and corporate sustainability, in the world and in Japan.","rel":"","context":"In &quot;Weekly News&quot;","block_context":{"text":"Weekly News","link":"https:\/\/codo.jp\/en\/category\/weekly-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2022\/04\/Bi-weekly-News-2.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/codo.jp\/wp-content\/uploads\/2023\/05\/2.png?fit=1880%2C1058&ssl=1","_links":{"self":[{"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/posts\/12175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/users\/215924084"}],"replies":[{"embeddable":true,"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/comments?post=12175"}],"version-history":[{"count":31,"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/posts\/12175\/revisions"}],"predecessor-version":[{"id":13391,"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/posts\/12175\/revisions\/13391"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/media\/9714"}],"wp:attachment":[{"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/media?parent=12175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/categories?post=12175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/codo.jp\/en\/wp-json\/wp\/v2\/tags?post=12175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}