Thanks to ESCP Business School's Energy Management Centre wide network in the academic and business communities, our views on energy news give you comprehensive insight into energy issues.
Please join us...
In the past 10 years, "Ukraine" and "gas" have together been associated with the country's strife with its eastern neighbour, and by extension, with Europe's security of supply concerns. Given this, it is easy to overlook Ukraine's importance as a gas market in its own right. At 42.6 billion cubic meters (BCM) in 2014, the country's gas market ranks a close 4th in Europe, after Germany's (86.2), UK's (78.7) and Italy's (68.7).
The Government of Japan newly developed the Basic Energy Plan in April 2014, which reflected the situation after the Fukushima Daiichi nuclear disaster occurred in March 2011. However, the plan did not show the energy mix (expected percentages of energy sources) in the future. On April 28, 2015, the Ministry of Economy, Trade and Industry (METI) announced the Long-term Prospect of Supply and Demand of Energy plan*, which includes the energy mix for FY2030. This prospect is directly related to the discussion on Japan’s greenhouse gas (GHG) emission reduction target for FY2030 (Intended Nationally Determined Contributions or INDCs).
The METI showed the following basic principles for developing the Long-term Prospect of Supply and Demand of Energy.
The concrete policy targets for 3E+S (Energy Security, Economic Efficiency, and Environment plus Safety) are as follows, considering safety as a top priority: