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April 22, 2021

Teijin joins call for more ambitious GHG targets in Japan

Polyester fibres and products producer Teijin Limited has thrown its support behind a statement from the Japan Climate Initiative (JCI) calling for the country's official greenhouse gas emissions-reduction target to be more ambitious.

Polyester fibres and products producer Teijin Limited has thrown its support behind a statement from the Japan Climate Initiative (JCI) calling for the country’s official greenhouse gas emissions-reduction target to be more ambitious.

In a letter sent yesterday (19 April) to Japan’s Prime Minister Yoshihide Suga, Minister for Foreign Affairs Toshimitsu Motegi, Minister of Economy, Trade and Industry Hiroshi Kajiyama, and Minister of the Environment Shinjiro Koizumi, the JCI called for Japan’s official greenhouse gas emissions-reduction target in 2030, currently set at 26% below the 2013 emissions level, to be revised to a more ambitious 45%. It also called for an increase in the country’s ratio of renewable-energy usage to 40-50%.

The message was supported by 290 organisations (208 companies, 22 local governments, 60 NGOs and various other stakeholders) participating in JCI, a network committed to strengthening communication and the exchange of best strategies and solutions among entities in Japan that are working to combat climate change.

The JCI noted that the European Union has already strengthened its target for 2030 from 40% to 55%, and the United States plans to announce a significantly increased reduction target of 50% at the Leaders Summit on Climate this week.

“Japan needs to strengthen its emission reduction target from the current 26% to an ambitious level, one that better represents Japan’s responsibility as a leading economy and is more aligned with the European Union’s target of 55% and 50% for the United States,” the signatories said.

Teijin is one of the companies supporting the call. The firm’s internal goals for lowering its group-wide environmental impact include achieving net-zero emissions by fiscal 2050, such as by gradually replacing its current sources of electricity with renewable energy.

As one such practical initiative, earlier this year Teijin introduced internal carbon pricing (ICP) to quantify CO2 emissions as costs and thereby create economic incentives to reduce emissions. Also this year, Teijin committed to setting science-based targets (SBT) within two years to support the Paris Agreement’s goal of limiting the average global temperature rise to well less than two degrees Celsius from pre-Industrial Revolution levels, which is expected to significantly reduce the risks and impacts of climate change.

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