Global Firms Urge Japan to Triple Renewable Energy Capacity by 2035

More than 400 multinational companies, including Japanese giants, call for a significant increase in Japan's renewable energy output to enhance energy security and competitiveness.

• The RE100 group, comprising over 400 corporations, advocates for Japan to boost its renewable energy capacity from 121 to 363 gigawatts by 2035.
• Japanese firms like Sony and Panasonic are among the companies pushing for this change to reduce reliance on coal.
• The initiative highlights Japan's challenging geography and high costs as obstacles to renewable energy expansion.
• Recommendations include policy reforms for transparent electricity pricing and improved access to corporate power purchase agreements.
• Japan aims for carbon neutrality by 2050 but remains one of the G7 nations with the lowest share of renewables in its energy mix.

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The Japan Times Financial Post CNA