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ECONOMY > Economic Policy

Renewable energy to be prioritized

In the new Basic Policy on Economic and Fiscal Management and Reform (“Big-Boned Policy”), the government will specifically state that it will “prioritize making renewable energies into major energy sources for the nation.” The policy is to be finalized by the end of June. The Council for Promotion of Regulatory Reform recommended inclusion of the phrase to express the government’s commitment in stronger language. Under the new policy, renewable energy will be prioritized over nuclear and thermal energy in an effort to reduce greenhouse gas emissions.

 

The 2020 version of the policy stated that the government will “encourage introducing renewable energies as much as possible with an eye to making them major power sources.” This year, the government will add that it has adopted the “principle of prioritizing renewable energies.” The Ministry of Economy, Trade and Industry, which has previously taken a cautious stance on renewables, seems to have agreed to the new policy after a basic premise was included stating that the four main elements in traditional energy policy would be upheld, namely, safety, stable supply, economic efficiency, and environmental friendliness.

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