The Ministry of Economy, Trade and Industry showcased its new blueprint for circular economies, the “Circular Economy Vision 2020” report, with the aim of creating a virtuous cycle between the environment and economic growth. The report outlines the importance of circular-minded business development in Japanese industries. The government’s strategy is to create frameworks to support companies in making a smooth transition.
Since his inauguration in Fall 2020, Prime Minister Suga has been promoting the 2050 target of realizing a decarbonized society. So far, the government’s strategy includes the replacement of gasoline-powered vehicles with electric cars by 2035 and the introduction of a carbon pricing system that involves a carbon tax and emission quota trading. Moreover, Prime Minister Suga included a plan to achieve efficient and stable energy supplies with the expansion of renewables while promoting nuclear energy in a safe manner. The details of these ideas are yet to be introduced. However, with the introduction of an action plan and a clear timetable, Japan will accelerate its progress towards a circular economy.
Read more about circular economy in Japan
- 2024-09-15: Seven-Eleven and AGC lead Japan’s first glass recycling for store equipment
- 2024-09-14: TAKEEI prepares to close the loop for Fukushima's solar panel
- 2024-09-13: Akasaka Circular City Conference & Tour 2024: Building a circular neighborhood
- 2024-09-03: Japan proposes 630 billion yen budget to accelerate circular economy
- 2024-09-02: Carbon-free farm launches on Ishigaki Island with focus on circularity