Japan targets 40-50% power supply from renewable energy by 2040
Tokyo — Japan wants renewable energy to account for up to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a clean energy push while meeting rising power demand. As the world's second-largest importer of liquefied natural gas and a major consumer of Middle Eastern oil, Japan and its basic energy plans are drawing global attention from oil, gas and coal producers. Thermal power usage, particularly from inefficient coal-fired power plants, is set to decrease to between 30% and 40% by 2040 from 68.6% in 2023, although the draft energy policy does not specify the breakdown of coal, gas and oil. "It is necessary to utilize LNG-fired power as a realistic…