The trade ministry released Friday a roadmap to shepherd Japan¡¯s economy away from fossil fuels, and foster growth in green energy industries to bring within reach Prime Minister Yoshihide Suga¡¯s pledge to eliminate net carbon dioxide emissions by 2050.
The report ¡ª which calls for strong government spending to subsidize and incentivize emissions reduction, and innovation in more than a dozen industries ¡ª details the potential economic growth that can be expected if the country reaches net zero carbon emissions.
Not only does the plan provide a tentative framework to support Suga¡¯s vow in October to achieve decarbonization within three decades, it represents a major shift in the central government¡¯s attitude in treating renewable energy not as a barrier to economic growth but as a catalyst.
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