Japan's greenhouse gas emissions fall to a record low in fiscal 2023

Japan achieved a significant milestone in reducing its greenhouse gas emissions, recording a 4% decline in fiscal 2023 to a record low of 1,071 million tons CO2 equivalent, down from the previous year. The reduction was driven by increased reliance on renewable and nuclear energy as well as slower manufacturing activities. Additionally, emissions from industry, households, and transport sectors all saw decreases, with transport contributing a slight 0.7% drop due to reduced use of buses and taxis. The country aims to cut emissions by 60% in fiscal 2035 compared to 2013 and further target a 73% reduction by fiscal 2040 to achieve carbon neutrality by 2050.