22/08/2023
| According to a report, the most cost-effective way for π―π΅ to achieve its 2030 emissions reduction and net zero goals by 2050 is by using established clean technologies such as wind, solar power, and electric vehicles.
This analysis contradicts the transition strategy that the nation has consistently highlighted, which involves utilizing fossil fuels like natural gas and emerging technologies such as carbon capture, storage, utilization, and incorporating ammonia and hydrogen in power plants.
However, Japan requires a substantial investment of $489.3 billion in its grid infrastructure from 2022 to 2050 to effectively integrate wind, solar, and battery technologies to decarbonize its power generation sector.
The Philippine Situation π΅π
In the , the DOE recently reported that NGCP faces 68 delayed transmission projects, 37 of which are now subject to show cause orders.
The DOE noted that these delays can extend from one to nine years, with completion typically taking eight to 10 years.
In response, NGCP has pledged to prioritize all available resources to finish ongoing transmission projects and accelerate those in the pipeline.
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In contrast to its G7 peers, Japan is still considering climate policies that extend the life of coal and gas-fired plants.