Last week, Japan’s Ministry of Economy, Trade and Industry (METI) released a draft of its upcoming 6th Strategic Energy Plan which included major changes to the FY2030 power generation mix targets. Under the draft proposal, the share of fossil fuels in the mix will nearly halve, falling from 76% in 2019 to 41%, which will have significant ramifications for coal, LNG and oil demand. In response to the announcement, Wood Mackenzie principal analyst Lucy Cullen said: “Japan’s announcement is the latest in a series of bold climate statements following the country’s net zero pledge in October 2020. “The revised draft ... (full story)