Japan: New Renewables Cheaper than New Coal by 2022

The economic viability of new and existing coal in Japan could be severely undermined by cheap renewables and, without policy reform, could result in US$71 billion of stranded assets

In this report, we analyse the financial and economic viability of new and existing coal power investments in Japan. In doing so, it aims to shine a spotlight on the risks associated with investing and operating coal power in Japan. Japan’s policymaking is gradually becoming more ambitious with regards to climate change, despite still investing in and supporting coal power. The recent Strategic Energy Plan (SEP) stated for the first time in the history of Japan’s energy policy that renewables should become the main source of power and efforts should be made... ... More: Official Press Release Carbon Tracker

Keywords:

Japan, renewable energy, solar, wind, offshore, coal, investment, cheaper, power plant, CO2, climate goal