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Japan targets 40-50% power supply from renewables by 2040

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(Reuters) – Japan wants renewable energy to account for up to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a clean energy push while meeting rising power demand.

As the world’s second-largest importer of liquefied natural gas and a major consumer of Middle Eastern oil, Japan and its basic energy plans are drawing global attention from oil, gas and coal producers.

While the previous energy plan’s primary focus was decarbonisation, it has shifted greater attention to energy security given heightened geopolitical risks, including the Russia-Ukraine war.

The industry ministry’s policy draft, unveiled on Tuesday, proposes increasing renewables to between 40% and 50% of power supplies in the 2040 fiscal year, roughly doubling the 22.9% share in the 2023 fiscal year and exceeding the 2030 target of between 36% and 38%.

Thermal power usage, particularly from inefficient coal-fired power plants, is set to decrease to between 30% and 40% of the mix by 2040 from 68.6% in 2023, although the draft energy policy does not specify the breakdown of coal, gas and oil.

Advocates for renewable energy have criticised the draft, however, noting the lack of a roadmap for phasing out coal-fired power.

Mika Ohbayashi, a director at the Renewable Energy Institute, also pointed to the small target share for wind power, between 4% and 8%, compared with 20% for nuclear.

That could leave Japan lagging in wind power compared with other markets worldwide.

The draft also called for the government and the private sector to secure long-term LNG contracts to hedge against price hikes and supply disruption risks.

“It is necessary to utilise LNG-fired power as a realistic means of transition,” it said.Japan’s 2040 nuclear power target is in line with the 2030 target of between 20% and 22%, despite the challenges faced by the industry after the 2011 Fukushima disaster.

Nuclear power accounted for 8.5% of the country’s power supply in 2023.

The new energy plan removes the previous target of “reducing reliance on nuclear power as much as possible” and includes plans to build innovative next-generation reactors at nuclear power sites owned by operators who have decided to decommission existing reactors.

The 2040 forecasts assume an increase in electricity demand of between 12% and 22% from 2023 levels, particularly from semiconductor factories and data centres. All targets are provisional.

The new proposed energy plan is more realistic than the existing targets through 2030, some analysts say, indicating that the government wants to attract investments in renewable energy, including storage batteries, and keep LNG as a transition fuel.

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International

Kenya Gives Foreign Traders 90 Days to Formalise Status Amid Xenophobia Fears

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The Kenyan government has given foreign nationals operating businesses in the country 90 days to regularise their immigration status, work permits, business registrations and licences, following remarks by President William Ruto that triggered panic in immigrant communities and fears of xenophobic violence.

State House Spokesperson Hussein Mohamed announced the “orderly regularisation exercise” on Tuesday, saying relevant government agencies would work with foreign embassies to facilitate compliance. “Every person conducting business in Kenya is required to comply with applicable immigration, work-permit, registration and licensing requirements,” Mohamed said. Requirements will be administered “fairly, consistently and without discrimination” during the period. After the 90 days, the rules will be enforced “firmly and strictly in accordance with the law and due process.”

The move comes after Ruto’s comments last week that foreigners should not operate as hawkers or run small shops, which were widely seen as responding to complaints from Kenyan traders about competition in the informal sector. The remarks sparked anxiety, particularly among Burundian nationals who dominate street vending in parts of Nairobi. Hundreds queued at the Burundi embassy seeking travel documents amid concerns of a crackdown and possible attacks similar to recent xenophobic violence in South Africa. There were reports of at least one shop attack and instances of harassment or intimidation.

Mohamed explicitly warned that no individual or group has authority to harass, intimidate, threaten or interfere with foreign nationals or their businesses, stressing that enforcement is the sole responsibility of authorised state agencies. “Legitimate concerns about economic opportunity can never justify discrimination, excuse lawlessness or sanction violence,” the statement said. Kenya would remain “an open, secure and welcoming country” while protecting opportunities for its citizens, especially in the micro and small-enterprise sector.

Citizens of East African Community countries are eligible for free work permits, though many have not completed formal registration. The government has also directed that the Local Content Bill currently before Parliament be expanded to create a clearer framework identifying activities that may be reserved for Kenyans while protecting the rights of foreigners lawfully entitled to work, invest or trade.

The 90-day window is intended to allow an orderly process rather than immediate closures, offering temporary relief to affected communities while signalling stricter future enforcement.

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International

Global media leader Annecchino dies at 55

Widely recognised as a transformative figure in global media, he was known for his strategic vision, entrepreneurial drive and ability to steer major organisations through periods of sweeping change.

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|•Raffaele Annecchino

Raffaele Annecchino, the former President and CEO of Paramount International has died at the age of 55.

Widely recognised as a transformative figure in global media, he was known for his strategic vision, entrepreneurial drive and ability to steer major organisations through periods of sweeping change.

His career spanned more than 25 years at Paramount and ViacomCBS, starting in a commercial role in Madrid before rising to lead the company’s international operations across Europe, the Middle East, Africa, Latin America and Asia.

As CEO of Paramount International, Annecchino oversaw the company’s pivot from broadcast to digital, spearheading the international rollout of Paramount+, the global expansion of Pluto TV, and the creation of the SkyShowtime joint venture with Comcast.

He also built long-standing partnerships with major industry players, including Sky, Canal+, MultiChoice and Viaplay, and helped grow networks such as MTV, Nickelodeon, BET and Channel 5 in the UK, while backing production hubs across Africa, Asia, Europe and Latin America.

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International

Meet The highest paid world leader

Lawrence Wong will see an increase of 1.4 million Singapore dollars ($1.1m; £818,000) in his annual pay package. He has said he will donate this pay increase to charity over the next five years.

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•Lawrence Wong / BBC

Singapore’s government says it will raise the annual salaries of its ministers and other office holders, including its prime minister who is the highest paid political leader in the world.

Lawrence Wong will see an increase of 1.4 million Singapore dollars ($1.1m; £818,000) in his annual pay package. He has said he will donate this pay increase to charity over the next five years.

Wong said that raising the pay of ministers was necessary to attract better talent.

The government has previously argued that paying ministers high salaries deters corruption.

But the move has attracted criticism in Singapore where there is deep concern about job security and the rising cost of living.

Even before his pay raise kicks in, Wong is still by far the highest paid world leader.

He currently receives an annual salary of S$2.2m and will now see his pay go up by more than 60% to S$3.6m ($2.8m).

Next is Hong Kong chief executive John Lee, who earns about $719,000, followed by Switzerland’s president Guy Parmelin with $606,000.

US president Donald Trump earns $400,000 a year, while British PM Andy Burnham takes in $230,000.

On Tuesday, Wong acknowledged that Singapore ministers’ salaries have attracted scrutiny given that they were much more than what most citizens earn. The median monthly income in the country is S$5,775.

(BBC)

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