RCEM: Views on Energy News

Thanks to ESCP Europe's Research Centre for Energy Management's  wide network in the academic and business communities, our views on energy news give you comprehensive insight into energy issues. 

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The Government of Japan newly developed the Basic Energy Plan in April 2014, which reflected the situation after the Fukushima Daiichi nuclear disaster occurred in March 2011. However, the plan did not show the energy mix (expected percentages of energy sources) in the future. On April 28, 2015, the Ministry of Economy, Trade and Industry (METI) announced the Long-term Prospect of Supply and Demand of Energy plan*, which includes the energy mix for FY2030. This prospect is directly related to the discussion on Japan’s greenhouse gas (GHG) emission reduction target for FY2030 (Intended Nationally Determined Contributions or INDCs).

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Climate change is the most significant global environmental issue, so policy discussions with mid- to long-term perspectives are ongoing worldwide (e.g., UNFCCC). At the same time, energy is a critical global issue in the current society. Recently, energy demand has dramatically increased in large emerging countries (e.g., China and India), driven by economic and population growth. This tendency will continue, thus raising concerns about energy supplies in the future. Also, because production and reserves of fossil fuels are located in a limited number of countries, other countries, including those in East Asia, that are poor in energy resources and dependent on imported fossil fuels will face potential price-fluctuations and geopolitical risks.

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