TOKYO – Japan aims to eliminate gasoline-powered vehicles in about 15 years, the government said Friday in a plan to achieve Prime Minister Yoshihide Suga’s ambitious pledge to go carbon free by 2050 and generate nearly $2 trillion growth in green business and investment.
The “green growth strategy" urges utilities to bolster renewables and hydrogen while calling for auto industries to go carbon free by the mid-2030s.Suga, in a policy speech in October, pledged to achieve net zero carbon emissions in 30 years.
As the world faces an environmental challenge, green investment is an opportunity for growth not a burden, he said. The strategy, which provides a roadmap to achieving the goals in different sectors, projected 30-50% increase in.