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<Release> The list of endorsers for the JCI\u2019s Message<\/p>\n JCI\u2019s Message to the World on the Occasion of the G7 Summit in Japan<\/strong> 12 April 2023<\/p>\n <\/p>\n Accelerating Renewable Energy Deployment and Early Introduction of Effective Carbon Pricing<\/strong><\/p>\n Japan Climate Initiative (JCI) today released the message, “Overcoming Two Crises with Renewable Energy and Carbon Pricing” (Annex 1<\/a>). The message is endorsed by 303 organizations (225 companies, 16 local governments, 62 organizations and NGOs, etc.) (Annex 2<\/a>).<\/p>\n The G7 Ministers’ Meeting on Climate, Energy and Environment in Sapporo, to be held on April 15 and 16 prior to the G7 Hiroshima Summit in May this year, will be an important meeting in terms that it will determine the outlines of strategies for the G7 countries to confront the climate and energy crises that are simultaneously advancing. At that moment, the Japanese government has decided on the \u201cBasic Policy for the Realization of GX\u201d, and intends to implement the energy policies based on the GX basic policy.<\/p>\n Seizing this important opportunity, this message urges the Japanese government to introduce effective measures and implement regulatory reforms to accelerate the introduction of renewable energy in order to realize the goal of “achieving a fully or predominantly decarbonized electricity supply by 2035,” which the G7 countries agreed to at summit last year. The message also calls for the introduction of a carbon pricing system that will see tangible outcomes earlier than currently planned.<\/p>\n 303 organizations endorsed the message including many large corporations, small and medium-sized enterprises supporting local communities, local governments, consumer groups, and religious organizations<\/strong><\/p>\n In the midst of the climate and energy crises simultaneously, this is the first time that Japanese companies, local governments, and organizations have come together to call for stronger action on climate change, including the earlier introduction of an effective carbon pricing system, under the banner of their individual organization names.<\/p>\n The message was endorsed by leading Japanese corporations in a wide range of fields, including 118, Tokyo Stock Exchange prime listed companies, IT, materials, machinery, steel, pharmaceuticals, telecommunications, transportation, food, retail, housing and construction, civil engineering, urban development, and finance and insurance. Also, the Japan Climate Leaders’ Partnership and Network of Business Leaders and Entrepreneurs for a Sustainable Business and Energy Future that are corporate groups actively promoting climate action are among the endorsing members.<\/p>\n Among local governments, 4 prefectures – Kanagawa, Shiga, Kyoto, Tokushima -, and 12 cities and districts -Sapporo, Setagaya, Yokohama, Kawasaki, Odawara, Hamamatsu, Omihachiman, Kyoto, Osaka, Sakai, Toyonaka and Matsuyama – have endorsed the message. In addition, consumer organizations such as the Japan Consumers’ Co-operative Union, which has approximately 30 million members nationwide, the Soka Gakkai, universities and research institutes, NGO\/NPOs, youth organizations, and others have supported the message, which truly represent the diversity of JCI members.<\/p>\n The message, which was endorsed by a wide range of businesses, local governments, and organizations, represents the collective determination of Japanese non-state actors to take the initiative in reducing emissions and the strong will to strengthen policies to support these efforts in order to overcome the dual crises.<\/p>\n The Sixth Synthesis Report of the IPCC, released on March 20, indicates that in order to limit the temperature increase to 1.5 \u00b0C, the world greenhouse gas emissions must be reduced by 60% by 2035, compared to 2019 levels. In order to be at the forefront of the world’s efforts to meet this scientific challenge, Japan Climate Initiative calls on the Japanese government to supply the vast majority of electricity from renewable energy sources by 2035, and to introduce highly effective carbon pricing system earlier than planned to ensure that the 2030 emission reduction target is achieved and further raised to the next level.<\/p>\n <\/p>\n Release PDF<\/a> <\/a>Annex1: JCI message<\/p>\n <\/p>\n JCI’s Message to the World on the Occasion of the G7 Summit in Japan<\/p>\n Overcoming Two Crises with Renewable Energy and Carbon Pricing<\/strong><\/span><\/p>\n <\/p>\n The world is now facing two crises: the climate crisis and the energy crisis. We, Japanese non-state actors including companies, local governments, NGOs, and others participating in the Japan Climate Initiative, call on the Japanese government to reduce dependence on fossil fuels such as coal and overcome the two crises by accelerating the deployment of renewable energy and introducing effective carbon pricing as soon as possible. We will also take the lead in taking action.<\/p>\n Supply the vast majority of electricity from renewable energy sources by 2035<\/strong> We call on the Japanese government to not only achieve the current 2030 target, but also to introduce effective measures and implement regulatory reforms to accelerate the introduction of renewable energy, such as accelerating the development of both bottom-fixed and floating offshore wind farms and making the installation of solar power generation mandatory for new buildings, so that the vast majority of electricity will come from renewable energy sources by 2035.<\/p>\n As the two crises progress, the shift from soaring fossil fuel costs to low-cost renewable energy has become an even more rational choice, and the use of PPA is seeing rapid growth in Japan. JCI members will continue to develop and use renewable energy that is new& additional, and sustainable, making the best use of these methods including PPA.<\/p>\n Early introduction of effective carbon pricing<\/strong> We call on the Japanese Government to introduce a carbon pricing system that will see tangible outcomes earlier than currently planned to ensure that Japan\u2019s 2030 emission reduction target is met and further enhanced, and that Japanese companies\u2019 sincere efforts to decarbonize are duly recognized internationally as decarbonization becomes the rule for global business transactions, including the introduction of carbon border adjustment measures.<\/p>\n![\"\"](\"https:\/\/japanclimate.org\/english\/wp-content\/uploads\/sites\/3\/2023\/04\/JP-button-1-e1681787021661.jpg\")
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\nOvercoming Two Crises with Renewable Energy and Carbon Pricing<\/strong><\/span><\/p>\n
\nAnnex1: JCI message PDF<\/a>
\nAnnex2: List of endorsing organizations PDF<\/a>
\nComments from the endorsing members<\/a><\/p>\n
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\nAt the G7 Summit in May last year, the G7 nations set a common goal of achieving a fully or predominantly decarbonized electricity supply by 2035. While Japan\u2019s current Basic Energy Plan aims for 36-38% of its electricity from renewable energy sources by 2030, four G7 countries (Canada, Germany, the United Kingdom, and Italy) already derive more of their electricity from renewable energy sources than Japan\u2019s 2030 target calls for. In addition to these four countries, renewable energy is expected to account for most of the electricity supply in the U.S. by 2035.<\/p>\n
\nThe International Energy Agency reported that carbon prices in developed countries should be USD 130\/tCO2 in 2030 to achieve net zero in 2050. The Japanese government has indicated in its \u201cBasic Policy for the Realization of GX\u201d that it intends to introduce carbon pricing, but the carbon levy will not be introduced until FY2028, and the emissions trading system will remain voluntary for the next 10 years. Also, the carbon price level that can be estimated based as a result of this policy will be only one-tenth of the IEA\u2019s recommendation.<\/p>\n