CURRENT AFFAIRS

Detailed explanation-1: -At the same time, addressing climate change can be the driving force of dynamic growth. Japan has set its 2030 GHG emission reduction target at 46 percent from its 2013 levels, an ambitious target which is aligned with the long-term goal of achieving net-zero by 2050.

Detailed explanation-2: -In October 2020, Japan’s Prime Minister, Suga Yoshihide, declared that by 2050 the country would aim to reduce greenhouse gas emissions to net zero and to realise a carbon-neutral, decarbonised society.

Detailed explanation-3: -Denmark. In 2019 Denmark legally established a net zero target to reach carbon neutral emissions by 2050. They are bound to have a fossil fuel-free electricity sector by 2030, focusing on renewable energy at the core of their strategy.

Detailed explanation-4: -Japan will strive for cooperative decarbonization across Asia by promoting joint demonstrations, international investment, and establishing standards for zero-emission technologies for biomass, hydrogen, ammonia, carbon capture, utilization and storage (CCUS), and so forth, while utilizing the region’s credit markets.