New Energy
Japan Mulls Updating Hydrogen Plan With $113 Billion in Funds
- Nation considers setting aside public, private sector money
- Japan is betting on hydrogen, ammonia to decarbonize
A hydrogen pumping station.
Photographer: Sean Gallup/Getty ImagesThis article is for subscribers only.
Japan will consider setting aside 15 trillion yen ($113 billion) in public and private-sector funds over the next 15 years to create hydrogen and ammonia supply chain to help clean up its energy sector.
The Asian nation will consider updating its basic hydrogen strategy from 2017, with a target to use roughly 12 million tons of the fuel source by 2040, according to a proposal from a panel in Cabinet Secretariat held on Tuesday. The Japanese government will put together a detailed plan on the strategy revision by the end of May.