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Vision2050 The Future of Energy and Environmental Choice  Fiscal 2014 Report

60% Reduction in CO2 Emissions by 2050 Relative to 2005 is Achievable

--30% reduction ? matching U.S. Target ? by 2030
--Japan must lead international debate on the prevention of global warming



At the 21st Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) at the end of 2015, specific greenhouse gas (GHG) emissions reduction targets for 2030 will be determined. Japan is also expected to finalize plans for reductions by the summer. We estimated the extent of possible reductions and the scale of costs and benefits from fiscal 2012 to fiscal 2050 that would result from the use of renewable energy sources, nuclear power and carbon capture and storage (CCS). A reduction target matching that of the United States is achievable and to secure a leading role in the international debate on prevention of global warming, Japan must set itself a target of a 30% reduction in emissions by fiscal 2030. In the meantime, to achieve further reductions by 2050, examination of emissions regulations and carbon pricing cannot be avoided.


Urgent Policy Proposals

Priority should be given to fighting the virus,not stimulating the economy
-- Direct spending of 11tn yen to protect livelihoods, businesses
-- Action plans based on prolonged infection are essential

主査:Kazumasa IWATA


Accident Cleanup Costs Rising to 35-80 Trillion Yen in 40 Years

Considering the postponing of decommissioning with “Confinement-managing” scenario as a possible option
Urgent need for measures to manage contaminated water

Public Financial Burden of the Fukushima Nuclear Accident


In fiscal 2018, we will revise our long-term macroeconomic forecasts to 2060.


Productivity has not been growing in tandem with increasing PhDs in Japan

- Problem may be rooted in university education or business misapplication
- As imported technology stalls, "self-sufficiency" remains the rule in Japan

Does Japanese research and development contribute to economic growth?


CO2 Emissions Reduction of 70% by 2050 is Possible with the Introduction of an Environmental Tax

- Making the Environment Protection Compatible with Economic Growth is Possible with Structural Economic Reforms
- Tax Revenues of ¥12 Trillion would be needed if fossil fuel prices remain unchanged


Japan’s Non-Manufacturing Sector Must Seek to Utilize AI & IoT Technologies

-- Breaking Away from Existing Operations is Crucial

Moving to an information-oriented society


Accident Cleanup Costs May Rise to 50-70 Trillion Yen

--It's Time to Examine legal liquidation of TEPCO
--Higher Transparency is Needed for the Reasons to Maintaining Nuclear Power

Public Financial Burden of the Fukushima Nuclear Accident