The cheapest way for Japan to meet its 2030 emissions reduction and mid-century net-zero goals is to use mature, clean technologies like wind and solar generation, and electric vehicles, according to a report from BloombergNEF.
The analysis stands in contrast to the transition pathway the country has staked out that may extend the life of its coal and gas-fired plants through 2050 by co-firing facilities with ammonia and hydrogen and capturing the emissions.
Japan’s climate transition policies have made it an outlier among its Group of Seven peers, who are mostly moving towards clean energy and away from fossil fuels that generate the carbon dioxide and methane releases warming the planet.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.