and its pledge to become a net-zero economy by 2050. The industry ministry of one of the world’s most industrialized nation, which imports nearly all the commodities it consumes, launched on Wednesday formal discussions about its future energy policy. Amid the energy crisis in 2022, which led to record-high natural gas prices, Japan pivoted back to nuclear energy, aiming to boost its energy security with domestic energy production.
At present, fossil fuels account for about 70% of Japan’s electricity, which would be a clash with its net-zero goal. Japan is estimated to be the country with the world’s fifth-largest carbon footprint, preceded only by China, the United States, India, and Russia.
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