Fast on the heels of the historic international climate agreement reached in Paris this past December, Japan last month initiated an important domestic power market reform that could help get the country back on track to meet or beat its greenhouse gas emission reduction target. Electricity market deregulation opens up significant potential for Japan to be a leader in developing an innovative 21st century electricity sector that is critical to achieving the clean energy and climate goals it has committed itself to in the Paris Agreement. And it represents an opportunity to become a new pillar for U.S.-Japan cooperation in the energy and climate space.
The above excerpt was originally published in Nikkei Asian Review.
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