According to The Asahi Shimbun, the economy ministry will open a new trading market for renewable energy in November as part of the central government’s efforts to lower carbon emissions.
An official organization will certify that the electricity is generated by renewable energy sources, such as solar and wind power, and companies will be able to purchase the certificate through the new market.
The central government has pledged to achieve net zero emissions of greenhouse gases by 2050, and the Diet passed a revised law to promote global warming countermeasures that clearly sets out the government’s emissions target.
Currently, major electricity companies buy renewable energy from electric power generation businesses based on a feed-in tariff system. The cost is tucked into consumers’ electricity bills. Renewable energy is transmitted together with thermal power and nuclear power, meaning that consumers cannot know how the electricity they use was generated.
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