Market Chatter: Japan's Solar Share in Power Output Doubles in Decade as Fossil Use Eases

MT Newswires Live04-21

Solar power made up 10% of Japan's electricity generation last year, overtaking the global average of 9%, Bloomberg News reported Tuesday.

The share has roughly doubled over the past decade, reflecting steady expansion of renewable capacity. Even so, fossil fuels still supply close to 70% of Japan's power, though rising renewables and a return of nuclear output are gradually reducing reliance on imported fuels, according to the report.

Liquefied natural gas demand has declined in recent years, with shipments dropping about 16% between 2018 and 2025 based on ship-tracking data compiled by Bloomberg.

Japan's greenhouse gas emissions also edged lower, falling 2.8% in 2024, according to data from the European Commission. However, analysts say the country's goal to cut emissions 60% by 2035 from 2013 levels remains insufficient to put it on a path to net zero by 2050, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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