Japan joined a U.S.-led declaration to triple the world’s nuclear energy capacity by 2050 from 2020 levels to realize net-zero greenhouse gas emissions. Twenty-two countries, including Britain, France and South Korea, supported the Declaration to Triple Nuclear Energy announced Dec. 2 to coincide the COP28 U.N. climate conference being held …
Read More »Japan, Qatar Upgrade Energy Ties during LNG Talks
Japanese Prime Minister Fumio Kishida agreed to strengthen energy ties and economic cooperation with major gas producer Qatar on Tuesday, the final leg of a Gulf tour that has focused on securing energy supplies and promoting Japanese high tech. Kishida, who has been urged by Japan’s gas lobby to secure …
Read More »IAEA Chief Says Absolutely Logical Fukushima Water Release Draws Interest
It is “absolutely logical” that Japan’s plan to release treated radioactive water from its Fukushima nuclear plant is attracting great interest in the region, the head of the International Atomic Energy Agency (IAEA), Rafael Grossi, said on Sunday. Grossi also said he understands concerns remain over the plan but added …
Read More »Japan Sets Price Cap on Russian Crude Oil, Excluding Sakhalin-2
Japan implemented a price cap on Russian crude oil from Monday, but crude oil imported from the Sakhalin-2 plant will be excluded, the government said in a statement. The decision follows an agreement by the Group of Seven nations and Australia on Friday to limit the price of Russian crude …
Read More »12.1 Trillion Yen Spent so far on Fukushima Nuclear Disaster
Around 12.1 trillion yen ($82 billion) has already been spent to deal with the 2011 disaster at the Fukushima No. 1 nuclear power plant, according to sources at the Board of Audit of Japan. That means more than half of the government’s total estimated cost of 21.5 trillion yen, including …
Read More »Japan to Hold Auction on June 10 to Sell 750,000 Kiloliters of Oil from National Reserve
Japan’s industry ministry said on Wednesday it will hold an auction on June 10 to sell 750,000 kiloliters, or 4.72 million barrels, of oil from its national reserve in a release coordinated by the International Energy Agency to cool prices. The supply will become available to the winning bidders on …
Read More »China Energy Goals a Problem as U.N. Report Calls for Deeper Coal Cuts
A new U.N. report detailing what the world needs to do to combat climate change has highlighted the need for China – by far the world’s biggest greenhouse gas emitter – to accelerate its shift towards clean and low-carbon energy. This week’s report by the Intergovernmental Panel on Climate Change …
Read More »U.S., Allies Set Oil Reserves Release as Prices Soar
The United States and other member states of the International Energy Agency (IEA) on Tuesday agreed to release 60 million barrels of oil reserves to compensate for supply disruptions following Russia’s invasion of Ukraine. Russian oil trade is in disarray after many nations imposed sanctions on Russian companies, banks and …
Read More »IAEA: North Korea Appears to have Resumed Nuke Reactor Operation
North Korea appears to have restarted the operation of its main nuclear reactor used to produce weapons fuels, the U.N. atomic agency said, as the North openly threatens to enlarge its nuclear arsenal amid long-dormant nuclear diplomacy with the United States. The annual report by the International Atomic Energy Agency …
Read More »Toyota to Test Carbon-Free Hydrogen Engine on Racing Circuit
Toyota Motor Corp. isn’t slowing down in its push to help achieve a carbon-free society but is even speeding up its effort. The automaker announced on April 22 that it will enter a vehicle in motor racing powered by a carbon-free hydrogen engine. Toyota said it can utilize existing technologies …
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