On 18th January, 2021, total of 92 Japan Climate Initiative (JCI) member corporations who support either RE100, SBT, CDP, TCFD released a message calling on the Japanese government to raise its renewable energy share to 40-50% in its 2030 electricity mix.
To meet the goal of being carbon neutral by 2050, EU countries and U.S. states have already set progressive goals to be reached by 2030, in the range of 40-74% in the electricity mix. In contrast, Japan’s current renewable energy target for 2030 is only 22-24%.
This message calling on the Japanese government to raise its 2030 renewable energy target was endorsed by leading Japanese corporations in a wide range of fields, including the electrical, IT, automotive, aviation, shipping, retail, food, housing & construction, pharmaceutical, steel, chemical, glass, insurance & finance sectors. These signatories are demonstrating their clear intent to play “a greater role in the global business environment, where decarbonization is accelerating, and enable Japanese companies more committed to the challenge of mitigating the climate crisis.”
Japan Climate Initiative (JCI) will continue to gather the voices of a wider range of companies, prefectures, municipalities and others, and we will continue our efforts to accelerate the expansion of renewable energy.
Note) There are differences in the definition of targets and actual values for each country and state (gross generation for Spain, France, EU and Japan, and gross consumption for Germany and Italy). Targets for the states of California and New York are based on Renewable Portfolio Standard (RPS) and actual values are for net generation. The figure of 57% for EU is not the actual target, but the EU’s published estimate. The target figure for Japan covers the fiscal rather than calendar year.
Details are available at Renewable Energy Institute website at https://www.renewable-ei.org/activities/statistics/trends/20210115.php (Japanese)
Calling on the Japanese government to raise its 2030 renewable energy target to 40-50%
With commitments by EU countries, Japan, South Korea, Canada, New Zealand, and with the United States intending to join this year, ‘carbon neutral by 2050’ has become a common goal of more than 120 countries around the globe. Key to meeting the goal is the promotion of a rapid and significant expansion of renewable energy along with improvements in energy efficiency. EU countries and U.S. states have already set progressive goals to be reached by 2030, ranging from 40-74% share in each electricity mix.
In contrast, Japan’s target shares of renewable energy for fiscal 2030 electricity mix is 22-24%. In order for Japan to meet its responsibilities to be one of the leaders in global efforts, the target needs to be much more ambitious. An ambitious target will stimulate renewable energy deployment, and Japanese companies will be able to play a greater role in the global business environment, where decarbonization is accelerating. It will enable Japanese companies more committed to the challenge of mitigating the climate crisis.
We, as part of the global business community, call for the renewable energy target for fiscal 2030 to be revised from 22-24% to 40-50% in the next Strategic Energy Plan formulated this year.
AEON CO., LTD.
Ajinomoto Co., Inc.
AMITA HOLDINGS CO., LTD.
ANA HOLDINGS INC.
ASAHI GROUP HOLDINGS, LTD.
CHUGAI PHARMACEUTICAL CO., LTD.
Dai-ichi Life Holdings, Inc.
DAIICHI SANKYO COMPANY, LIMITED
Daito Trust Construction Co., Ltd.
Daiwa House Industry Co., Ltd.
Eisai Co., Ltd.
Foster Electric Company, Limited
FUJIFILM Holdings Corporation
Fukoku Capital Management, Inc.
Furukawa Electric Co., Ltd.
J. FRONT RETAILING Co., Ltd.
Japan Tobacco Inc.
JENEX Co., LTD.
Kawasaki Kisen Kaisha, Ltd.
Kirin Holdings Company, Limited
KOBAYASHI Pharmaceutical Co., Ltd.
Kokusai Kogyo Co., Ltd.
KONICA MINOLTA, INC.
KYOHATSU INDUSTRY Co., Ltd.
MARUI GROUP CO., LTD.
Meiji Holdings Co., Ltd.
MITSUBISHI ESTATE CO., Ltd.
Mitsui O.S.K. Lines, Ltd.
MS&AD Insurance Group Holdings, Inc.
Nankai Electric Railway Co., Ltd.
Nippon Life Insurance Company
Nippon Sheet Glass Co., Ltd.
Nissan Motor Co., Ltd.
Nissay Asset Management Corporation
Nomura Real Estate Asset Management Co., Ltd.
Nomura Research Institute, Ltd.
Oki Electric Industry Co., Ltd.
Ricoh Co., Ltd.
RICOH LEASING COMPANY, LTD.
SAPPORO HOLDINGS LTD.
SB Energy Corp.
SCREEN Holdings Co., Ltd.
Seiko Epson Corporation
SEKISUI CHEMICAL CO., LTD.
Sekisui House, LTD.
Seven & i Holdings Co., Ltd.
Shinkin Central Bank
Sompo Asset Management Co., Ltd.
Sompo Holdings, Inc.
Sumitomo Forestry Co., Ltd.
Sumitomo Mitsui Trust Holdings, Inc.
Sun Messe Co., Ltd.
Suntory Beverage & Food Limited
Suntory Holdings Limited
Takasago International Corporation
Takashimaya Co., Ltd.
TBM Co., Ltd.
TODA KOGYO CORP.
TOKYO STEEL MANUFACTURING CO., LTD.
Tokyo Tatemono Co., Ltd.
WasteBox Co., Ltd.
Watami Co., Ltd
*JCI members who support either RE100, SBT, CDP, TCFD were invited for endorsement. (As of 7 January 2021)