Japan could be energy independent by 2060 if it manages to install enough solar and wind power generation plus battery storage, Jarand Rystad, CEO of consultancy Rystad Energy, has told Reuters. “Japan's mindset is that we have to import energy because we have no energy ourselves. But with the development in renewable energy technologies, I think that statement doesn't need to be true,” the head of the firm told Reuters.
The industry ministry of one of the world’s most industrialized nations, which imports nearly all the commodities it consumes, launched 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.
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