plants and supporting renewable energy and LNG. The current government plans to
phase out coal and nuclear power while expanding renewable energy to 20% of total
power generation by 2030.
2.5.2 Improvement of Energy Efficiency
In China, while clear and enormous expectations are placed on the introduction of
non-fossil fuels, energy conservation has yet to be fully addressed. In contrast, Japan
is a leader among developed countries, with limited potential for further improvement. In South Korea, there is high energy efficiency in major industries with
relatively limited potential for improvement. Both Japan and South Korea continue
to improve domestic efficiency in iron and steel industries and cooperate with other
countries, including China, to improve the energy efficiency of others.
Considering the mature utilization of thermal power in China, Japan, and South
Korea and the high energy efficiency of Japan and South Korea, international
cooperation among the three countries is advantageous. Japan is the greatest investor
in overseas financing for the development of coal-fired power plants, followed by
South Korea and China, which together contribute the most globally to coal power
generation assistance.
2.5.3 Promoting International Cooperation
Based on potential and historical coordination among China, Japan, and South
Korea, international cooperation is key to realize regional emission reductions.
The Paris Agreement recognizes carbon trading mechanisms at national and regional
levels and provides political and policy support. China, Japan, and South Korea are
developing domestic markets, aiming to introduce new carbon market mechanisms
by 2020. It is timely to lay foundations now for connection to regional carbon
markets.
In addition to carbon trading mechanisms, development of innovative low-carbon
technology and transfer of existing technology are expected via international cooperation to achieve ecologically sensitive design in energy and materials cycles.
Considering history among the three countries, market-oriented mechanisms under
the East Asian Low-Carbon Community framework are expected to be an effective
approach to promote international cooperation.
2 Climate Change Strategy and Emission Reduction Roadmap for China, Japan, and. . .
57
phase out coal and nuclear power while expanding renewable energy to 20% of total
power generation by 2030.
2.5.2 Improvement of Energy Efficiency
In China, while clear and enormous expectations are placed on the introduction of
non-fossil fuels, energy conservation has yet to be fully addressed. In contrast, Japan
is a leader among developed countries, with limited potential for further improvement. In South Korea, there is high energy efficiency in major industries with
relatively limited potential for improvement. Both Japan and South Korea continue
to improve domestic efficiency in iron and steel industries and cooperate with other
countries, including China, to improve the energy efficiency of others.
Considering the mature utilization of thermal power in China, Japan, and South
Korea and the high energy efficiency of Japan and South Korea, international
cooperation among the three countries is advantageous. Japan is the greatest investor
in overseas financing for the development of coal-fired power plants, followed by
South Korea and China, which together contribute the most globally to coal power
generation assistance.
2.5.3 Promoting International Cooperation
Based on potential and historical coordination among China, Japan, and South
Korea, international cooperation is key to realize regional emission reductions.
The Paris Agreement recognizes carbon trading mechanisms at national and regional
levels and provides political and policy support. China, Japan, and South Korea are
developing domestic markets, aiming to introduce new carbon market mechanisms
by 2020. It is timely to lay foundations now for connection to regional carbon
markets.
In addition to carbon trading mechanisms, development of innovative low-carbon
technology and transfer of existing technology are expected via international cooperation to achieve ecologically sensitive design in energy and materials cycles.
Considering history among the three countries, market-oriented mechanisms under
the East Asian Low-Carbon Community framework are expected to be an effective
approach to promote international cooperation.
2 Climate Change Strategy and Emission Reduction Roadmap for China, Japan, and. . .
57