Japan embraces G7's gas support but companies may face long-term problems
Reuters
23-05-17 07:01
Relying on natural gas risks delaying Japan's progress towards cutting carbon emissions and may reduce the value of future gas projects, while the International Energy Agency has warned new fossil fuel investments risk global warming. An alternative way forward has been signalled by the G7 energy ministers' commitment to renewable energy targets, setting new combined solar power and offshore wind capacity goals and agreeing to speed up the transition to clean energy. Analysts suggest Japan's commitments to net-zero emissions may conflict with other G7 members' moves to cut fossil fuel use.