Japan to make renewables top power source by 2040

Japan wants renewables to be its top power source by 2040 in its push to become carbon neutral by mid-century, under government plans unveiled on Tuesday.Thirteen years after the 2011 Fukushima disaster, Tokyo also reaffirmed that it sees a major rule for nuclear power in helping Japan meet growing energy demand from artificial intelligence and microchip factories.The world’s fourth-largest economy has the dirtiest energy mix in the G7, campaigners say, with fossil fuels accounting for nearly 70 percent of its power generation last year.The government has already set a target of becoming carbon-neutral by 2050 and to cut emissions by 46 percent by 2030 from 2013 levels.Under the new plans, renewables such as solar and wind were expected to account for 40 to 50 percent of electricity generation by 2040.That marks a jump from last year’s level of 23 percent and a previous target for 2030 of 38 percent.Resource-poor Japan “will aim to maximise the use of renewable energy as our main source of power”, according to the draft Strategic Energy Plan.Government experts were reviewing the proposals released by the Agency for Natural Resources and Energy and it was due to be presented to the cabinet for approval.Japan is aiming to avoid relying heavily on one energy source to ensure “both a stable supply of energy and decarbonisation”, the draft said.Geopolitical concerns affecting energy lines, from the Ukraine war to Middle East unrest, were also behind the shift to renewables and nuclear, it said.- Imports -Nearly 70 percent of Japan’s power needs in 2023 were met by power plants burning coal, gas and oil.Almost all must be imported, last year costing Japan about $500 million per day.The government wants that figure to fall to 30 to 40 percent by 2040. The previously announced 2030 target was 41 percent, or 42 percent when hydrogen and ammonia were included.The new plans forecast a 10 to 20 percent jump in overall electricity generation by 2040, from 985 billion kilowatt hours (kWh) in 2023.”Securing decarbonised sources of electricity is an issue directly related to our country’s economic growth,” Yoshifumi Murase, the head of the national energy agency, told the government’s expert panel on Tuesday.- Nuclear -Unlike the previous plan three years ago, the new draft dropped language on reducing Japan’s reliance on nuclear “as much as possible” — a goal set after the 2011 Fukushima disaster.Japan pulled the plug on nuclear power plants nationwide after the tsunami-triggered Fukushima meltdown, this century’s worst atomic disaster.However, it has gradually been bringing them back online, despite a public backlash in some places, mirroring nuclear power returning to favour in other countries too.Nuclear accounts for about 20 percent of Japan’s energy needs under the 2040 targets, around the same as the current 2030 target.But that is more than double the share of 8.5 percent of overall power generation that nuclear provided in 2023.- Too little, too late -Hirotaka Koike from Greenpeace welcomed the new plan but said it was “too little, too late”, calling for “much larger ambition” on renewables.Japan “has committed to ‘fully or predominantly decarbonised power systems by 2035’ and, evidently, their current plan doesn’t cut it,” Koike said.Hanna Hakko from climate think-tank E3G also called Japan’s ambitions “quite disappointing”.”The power mix suggested by the government is not consistent with Japan’s international commitments to tackle climate change and accelerate clean energy transition,” Hakko told AFP.”Various scenarios by energy experts show that if the government were to enact supportive policies, renewables could expand to cover between 60 to 80 percent of Japan’s electricity generation mix in the latter half of 2030s,” she said.

Bayrou à Pau: Braun-Pivet “aurait préféré que le Premier ministre prenne l’avion pour Mayotte”

La présidente de l’Assemblée nationale Yaël Braun-Pivet a affirmé mardi qu’elle aurait “préféré que le Premier ministre prenne l’avion pour Mayotte”, dévastée par un cyclone, plutôt que d’assister au conseil municipal de Pau dont François Bayrou compte rester maire.”Face à une telle catastrophe (…) il est important d’être au côté des populations” et “dans ce type de circonstances, il faut être à 100% mobilisé sur la gestion de crise”, a estimé la titulaire du perchoir sur franceinfo.Un premier tacle immédiatement suivi d’un second sur le cumul des mandats des parlementaires, interdit depuis 2014 et remis sur la table lundi soir par le nouveau locataire de Matignon. “Ce n’est pas le bon moment, parce que ce n’est pas le sujet”, a estimé la présidente de l’Assemblée, dont la position sur ce dossier n’a pas varié.”Je suis contre le cumul de mandats, je considère que lorsqu’on exerce une fonction, on doit l’exercer à plein temps”, a-t-elle insisté.François Bayrou a également confirmé son intention de rester maire de Pau, ce qui est autorisé par loi. Mais Yaël Braun-Pivet a rappelé qu’une réforme constitutionnelle, inaboutie et prévoyant “le non-cumul des fonctions ministérielles et d’un exécutif local”, avait été “voté à la quasi-unanimité” des députés en 2018.En revanche, le Rassemblement national “pense (qu’il) est sûrement possible” de cumuler les mandats de député et de maire “en dessous d’un certain seuil” de population, a indiqué Laure Lavalette sur TF1.La polémique enfle également à gauche, où le numéro un du parti socialiste Olivier Faure a jugé sur France 2 que “le Premier ministre s’égare” avec cette “sortie sur le retour du cumul des mandats” et que “sa place n’était pas à Pau” lundi soir.”C’est totalement indécent de parler de cumul des mandats (…) alors qu’en ce moment on enterre des enfants, des habitants à Mayotte”, s’est pour sa part indigné le patron du parti communiste Fabien Roussel sur BFMTV et RMC.”En s’accrochant à ce poste de maire” de Pau, “M. Bayrou fait une grave erreur” doublée d’une “faute politique importante” et “symboliquement dramatique”, a pareillement estimé le coordinateur de La France insoumise, Manuel Bompard sur Sud Radio.A l’inverse, le chef des sénateurs centristes Hervé Marseille a considéré sur Public Sénat que le Premier ministre “a fait ce qu’il devait faire”, alors que le ministre de l’Intérieur Bruno Retailleau s’est rendu sur l’île dévastée lundi et qu’Emmanuel Macron a annoncé qu’il s’y rendrait dans les prochains jours.”Tout le monde ne va pas débarquer à Mayotte”, où les responsables “ont autre chose à faire que de recevoir les autorités”, a insisté le président de l’UDI, qui s’est par ailleurs posé en “défenseur du cumul des mandats”.

Markets mostly down as Fed gears up for interest rate decision

Most markets fell Tuesday as attention turned to the Federal Reserve’s upcoming policy decision, with traders hoping for guidance on its interest rate plans as president-elect Donald Trump prepares to take office.The decision, which is expected to see officials lower borrowing costs again, comes in a busy week for central banks, with announcements in Japan and Britain also due.Investors are keeping tabs on Beijing after Chinese leaders’ latest measures to kickstart the economy fell short of expectations, with weak retail sales data Monday reinforcing the need for more support.The Fed is widely expected to lower rates for the third meeting in a row Wednesday as it looks to guide the world’s top economy to a soft landing, though its statement will be pored over for clues about next year’s outlook.Investors have started paring their bets on how many times it will cut over the next 12 months owing to still-sticky inflation, a strong labour market and uncertainty about Trump, who has pledged to slash taxes and impose tariffs on imports.Stefan Hofrichter, head of global economics and strategy at Allianz GI, said the US economy had defied warnings of a recession and growth was expected to power ahead, adding the firm’s “base case scenario remains a ‘soft landing’ for the US and world economies”.However, he added: “The wild card is what happens after Donald Trump takes office as US president. The lavish spending he’s proposed could boost US growth in the short term. “But the impact of the higher tariffs he’s mooted for US trading partners may also dampen the outlook for Europe. We need to wait to see the extent to which his election campaign promises become policy.”Wall Street ended mostly on the front foot, with a surge in tech giants helping the Nasdaq to a record high, but Asia was unable to pick up the baton.Tokyo, Hong Kong, Shanghai, Singapore, Seoul, Taipei, Manila, Mumbai, Bangkok and Jakarta all fell, though Sydney and Wellington rose.London, Paris and Frankfurt dropped at the open.Bitcoin hit another record high of $107,791 on continued optimism that Trump will introduce measures to deregulate the cryptocurrency market.The Fed rate decision will be followed Thursday by announcements in Japan and Britain.Opinion is split on whether the Bank of Japan will unveil a third hike of the year — having lifted in March for the first time in 17 years — as officials in Tokyo look to shift the country away from years of ultra-loose policies.Still, while the BoJ and Fed are on course to bring their rates closer together, the yen is struggling to strengthen and is stuck around 154 per dollar.- Key figures around 0810 GMT -Tokyo – Nikkei 225: DOWN 0.2 percent at 39,364.68 (close)Hong Kong – Hang Seng Index: DOWN 0.5 percent at 19,700.48 (close)Shanghai – Composite: DOWN 0.7 percent at 3,361.49 (close)London – FTSE 100: DOWN 0.5 percent at 8,217,35Euro/dollar: DOWN at $1.0500 from $1.0509  MondayPound/dollar: UP at $1.2704 from $1.2678Dollar/yen: DOWN at 153.95 yen from 154.13 yen Euro/pound: DOWN at 82.67 pence from 82.86 penceWest Texas Intermediate: UP 0.3 percent at $70.91 per barrelBrent North Sea Crude: UP 0.4 percent at $74.17 per barrelNew York – Dow: DOWN 0.3 percent at 43,717.48 (close)

Re-discovered tapes bear witness to Somaliland identityTue, 17 Dec 2024 07:22:30 GMT

In a library in Somaliland, Hafsa Omer presses play on a small cassette player. The sound of a Somali lute interwoven with a woman’s soft singing fills the room.Tapping her keyboard, Omer bobs with the rhythm of the pentatonic melody typical in the northern region of the Horn of Africa.Since 2021, the 21-year-old has been …

Re-discovered tapes bear witness to Somaliland identityTue, 17 Dec 2024 07:22:30 GMT Read More »