Japan to invest 15 tril. yen in hydrogen supply for decarbonization

The Japanese government on Tuesday decided on a plan to generate 15 trillion yen ($107 billion) of investment in the supply of hydrogen over the next 15 years from the public and private sectors in a push to increase its use and speed up decarbonization.

Under the revised Basic Hydrogen Strategy, approved at a meeting between relevant ministers, the country also plans to increase its hydrogen supply sixfold from the current level of 2 million tons to around 12 million tons by 2040.

Since hydrogen does not emit carbon dioxide or other greenhouse gases when combusted, the utility sector can sign...