Climate Change

A Comprehensive Strategy for Decarbonization and Industrial Competitiveness by 2040

Main image to the post A Comprehensive Strategy for Decarbonization and Industrial Competitiveness by 2040

The Government's Green Transformation Strategy for 2040

The Japanese government is formulating a new national strategy that includes a path for decarbonization and industrial policy toward 2040. This "2040 vision for green transformation" aims to promote related investments and strengthen the competitiveness of domestic industries. This marks the first time the government has formulated an industrial policy strategy with such a long-term target.

energy, industrial locations, industrial structure, and market creation.

The government will examine the development of power transmission lines to support decarbonized power sources for data centers and other high-energy facilities.

The government will propose plans for green transformation-related industrial clusters, considering factors such as renewable energy power plants and hydrogen/ammonia import bases. This includes concentrating semiconductor industries using decarbonized power sources and establishing hydrogen/ammonia-fueled industrial parks.

The government will call for a shift in manufacturing processes in industries with high greenhouse gas emissions, such as steel and petrochemicals. It will also promote support for companies with technological capabilities to establish their bases and expedite the development of an emissions trading system.

This strategy builds upon discussions held by experts since 2022 and the government's 2023 national strategy for green transformation promotion. The government aims to finalize the 2040 vision by the end of the current fiscal year.

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May 21, 2023 | 05:09