According to the meeting statement published by 7 countries, by 2035, by phasing out coal-fired energy without setting a date, it will make a big difference in the energy sector showed a determination to decarbonize to a large extent.

In the statement released after the meeting of the G7 ministers of energy, climate and environment in Berlin, it was stated that the countries committed to the target of achieving predominantly carbon-free electricity sectors by 2035.

‘G7 Countries’ Commit to Exit Coal | Devamı>>>

Japan’s public and private sectors will need to invest a total of 150 trillion yen ($1.2 trillion) in decarbonisation over the next 10 years to help achieve the nation’s ambitious goal of becoming carbon neutral by 2050, the industry ministry said on Friday.

The estimate was unveiled as part of an interim report on the country’s clean energy strategy which is expected to be finalised later this year.

“A great competition has already begun in which first movers have an advantage in the decarbonisation area,” Koichi Hagiuda, Japan’s Minister of Economy, Trade and Industry, told a panel of specialists which has been discussing the strategy.

Japan Needs to Invest $1.2 Trillion in Decarbonisation Over 10 Years | Devamı>>>