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Letter from London: Shell blasts EU carbon storage targets
Binding CO₂ injection targets for oil and gas firms are ill-defined and very unrealistic, oil major tells London CCS summit
EU proposes 90% 2050 climate target
European Commission introduces new flexibilities for member states to ease compliance with headline goal
A disorderly transition
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
Carbon border tax exemptions to become law
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
Shipping GHG deal ‘a framework to build upon’
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
Letter on transition: The great energy fatigue
Progress on the energy transition has slowed or even stopped, with greater societal engagement we can revitalise it
Outlook 2025: Southeast Asia – defining a new narrative for net zero
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
Outlook 2025: NDCs – critical roadmaps for climate investment
If they are ambitious enough, NDCs can provide investable pathways to deliver each country’s energy transition and keep the world on track to limit global warming
Outlook 2025: Incohesive policy costs – why supply chain transition remains challenging
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
Japanese Prime Minister Shigeru Ishiba
Japan Policy
Marat Aslan
23 October 2024
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Japanese election paves way for new energy strategy

Next government faces the difficult task of balancing decarbonisation ambitions with energy security realities

Japan held a snap general election in October, with the initial results being inconclusive. What is clear is that the eventual winner will face some big decisions on energy and decarbonisation policy. The latest iteration of the country’s  Seventh Strategic Energy Plan (SEP) is scheduled to be presented to the Cabinet in early 2025, setting out  a policy roadmap to 2035 and 2040.   Japan’s Ministry of Economy, Trade and Industry (METI) started discussions for the next SEP in mid-May. The current version was announced in 2021, before Russia’s invasion of Ukraine, and only laid out a pathway to 2030.    The immediate question will be who leads the government come early 2025. Current prime mini

Also in this section
Letter on carbon: Has the EU ETS come of age?
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
Can Oxy’s integrated CO₂ approach set a new benchmark for transition-era oil companies?
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
Letter from London: Show me the carbon
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
Letter from Europe: Western retreat raises doubts over climate leadership
Opinion
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined

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