Last Updated July 22, 2019

Law and Practice

Authors



Nagashima Ohno & Tsunematsu is one of the foremost providers of international and commercial legal services based in Tokyo. The firm has over 450 lawyers, including over 30 experienced foreign attorneys from various jurisdictions, and its overseas network includes offices in New York, Singapore, Bangkok, Ho Chi Minh City, Hanoi and Shanghai, and collaborative relationships with prominent local law firms throughout Asia and other regions. The firm regularly advises leading power utilities, trading companies and investors on their energy projects as well as regulatory matters, and financial institutions on financing on those projects. The firm has dealt with a number of renewable power projects since the introduction of the feed-in tariff in Japan. The firm represented Tokyo Electric Power Company Group on establishing an alliance platform with Chubu Electric Power Co, Ltd in the fuel and power business (including the establishment of a joint venture company, JERA).

The Act on Promotion of Global Warming Countermeasures (Act No 117 of 1998, as amended) (amendments of 2008 and thereafter are not reflected) requires all business operators to endeavour to take actions to reduce greenhouse gas emissions.

As a signatory of the Kyoto Protocol, Japan achieved its commitment to reduce its greenhouse gas emissions by 6% (below 1990 levels) in the first commitment period (2008-12) within the framework under the Kyoto Protocol. While Japan did not participate in the second commitment period (2013-20), Japan signed the Paris Agreement.

While submitting its Nationally Determined Contributions in accordance with the Paris Agreement that it will target a 26% reduction in its greenhouse gas emissions (below 2013 levels) by 2030, the Japanese government adopted the Plan of Global Warming Countermeasures in 2016 that refers to the same target. The Plan also states that Japan will target an 80% reduction in its greenhouse gas emissions (below 2013 levels) by 2050.

Nagashima Ohno & Tsunematsu

JP Tower
2-7-2 Marunouchi
Chiyoda-ku
Tokyo
Japan
100-7036

+81 3 6889 7000

+81 3 6889 8000

info@noandt.com www.noandt.com
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Authors



Nagashima Ohno & Tsunematsu is one of the foremost providers of international and commercial legal services based in Tokyo. The firm has over 450 lawyers, including over 30 experienced foreign attorneys from various jurisdictions, and its overseas network includes offices in New York, Singapore, Bangkok, Ho Chi Minh City, Hanoi and Shanghai, and collaborative relationships with prominent local law firms throughout Asia and other regions. The firm regularly advises leading power utilities, trading companies and investors on their energy projects as well as regulatory matters, and financial institutions on financing on those projects. The firm has dealt with a number of renewable power projects since the introduction of the feed-in tariff in Japan. The firm represented Tokyo Electric Power Company Group on establishing an alliance platform with Chubu Electric Power Co, Ltd in the fuel and power business (including the establishment of a joint venture company, JERA).

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