New local taxes cast shadow on Japan’s solar-power drive
Among others, the Miyagi prefectural government announced it would tax businesses that clear forests for installing renewable energy facilities.
Among others, the Miyagi prefectural government announced it would tax businesses that clear forests for installing renewable energy facilities.
“It wants to be a ‘green energy superpower’ while remaining one of the largest fossil fuel exporters in the world”, the author writes.
China has been actively implementing measures to realise goals of peaking carbon emissions before 2030.
Five other major power utilities are also considering similar price hikes, in the face of deteriorating business performance due to surging fuel prices and the yen’s weakening.
With a planned heating area of 242,400 square metres, it is expected to replace the 12 coal-fired small boilers in Northeast China.
He also noted that the estimated supply remaining will change based on the rate of gas production and discovery of new gas fields,
US oil giant Exxon Mobil Corp., which had a 30 per cent stake in the project, announced its withdrawal in October.
India, the world's third-largest carbon dioxide emitter, aims to meet half of its energy demands from renewable sources by 2030.
The current backbone of the country’s power generation – the long-remaining lifespan of coal plants – is the key hurdle to reach net-zero emissions goal.
The International Energy Agency predicted that global carbon dioxide emissions would fall slowly from a high point of 37 billion tonnes per year to 32 billion tonnes by 2050.