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Japan approves new climate, energy and industry policies through 2040

  • Japan's government approved a new Strategic Energy Plan aiming for renewables to contribute 40-50% and nuclear power to provide 20% of the energy mix by fiscal 2040, as reported by The Yomiuri Shimbun.
  • The plan marks the first update in three years and emphasizes carbon-free energy sources like renewable energy and nuclear power, according to the Economy, Trade and Industry Minister Yoji Muto.
  • Next-Generation perovskite solar cells will be developed, targeting 20 gigawatts of installation by 2040—enough to power 6 million households, as mentioned by The Yomiuri Shimbun.
  • The Strategic Energy Plan does not include reducing dependence on nuclear power, reflecting a shift towards maintaining nuclear energy alongside renewables, reported by a senior research fellow at the Japan Research Institute Ltd.
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Market Screener broke the news in on Monday, February 17, 2025.
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