Teijin supports Japan Climate Initiative call for higher renewable energy target
Target renewable energy ratio for Japanese corporations for fiscal year 2030 to rise to 40-50%.
Teijin Ltd. (Tokoyo, Japan) has announced that it supports the Japan Climate Initiative’s (JCI) call on the Japanese government to upwardly revise its target renewable energy ratio for fiscal 2030, currently set at 22-24%, to a more ambitious ratio of 40-50%, closer to levels declared by the U.S. and European Union (EU) countries.
The JCI statement, issued on Jan. 18, 2021, asks the government to raise the renewable energy target rate in the nation’s next Strategic Energy Plan, which is scheduled to be finalized this year. The statement also encourages Japanese companies to play a larger role in the effort to decarbonize global industry as well as to raise in-house goals to more ambitious levels to help to limit climate change.
The JCI is a network of Japanese corporations committed to strengthening communication and the exchange of best strategies and solutions among all entities in Japan that are working to combat climate change. Teijin, a JCI member company, has a long-term vision of supporting the society of the future and contributing to the realization of a sustainable world.
The Teijin Group goals for lowering the group-wide environmental impact include achieving net-zero emissions by fiscal 2050 and gradually replaces its current source of electricity with renewable energy.