EICN Tokyo - Japan's energy struggle: Safety, security and sustainability
The only country less energy self-sufficient than Japan among the 36 members of the OECD, a rich-country club, is small, landlocked Luxembourg. Mr Kishida's administration has used the latest energy shock, of the Ukraine War, primarily to justify a revival of nuclear power. Its new energy-policy road map calls for "maximising the use of power sources that contribute to Japan's security and are highly decarbonising", including both nuclear and renewables.
Nuclear accounted for around 8% of the electricity supply last year; the latest government targets envision the share bouncing back to 22-24% by 2030. The government has also announced plans to extend the operating lifespan of reactors from 40 to 60 years and to build new ones. On the other hand, at present, Japan generates about half as much electricity from renewable sources as its European peers. Experts who seek to explain this are divided into two camps. One focuses on geographical limitations: a lack of flat land for solar panels and deep ocean shelves that make it relatively hard to install offshore wind turbines. The other reckons the barriers are primarily political: onerous regulation, vested interests and a system of regional power monopolies that do not share power effectively across the country. Under Mr Suga, reformist ministers sympathetic to the latter camp drove the recent progress on renewables; under Mr Kishida, voices from the former camp have once again come to dominate the policy debate.
What are the latest developments in Japan's race toward seemingly unreachable zero-carbon goals? What awaits the industrial sector and consumers if energy prices remain high amidst shy economic growth? What are the implications for businesses, or indeed the opportunities, as Japan tries to find alternatives to its energy conundrum? Energy is one of the topics that we at EICN feel compelled to include in our event calendar every year. Join us to engage with experts on the technical, bureaucratic, and corporate challenges of Japan's energy reality.
Dress code: Business attire.
Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Intelligence Corporate Network, but would like to learn how you can attend our events, please contact us.
8:00 AM - 8:30 AM
Registration and Networking
8:30 AM - 9:30 AM
Panel discussion and Q&A
Country chair at TotalEnergies Japan S.A.
Philip OLIVIER holds Electromechanical and Nuclear Engineering Degrees as well as Management Degrees from the University of Gent and INSEAD in Fontainebleau. He has over 30 years of experience in the electricity and gas industry. In 2007, he was appointed to the position of CEO of SUEZ Global LNG. After the merger between Gaz de France and Suez, he became CEO of the “Global LNG” BU, Business Unit responsible for the management of the ENGIE Group’s LNG shipping, supply and assets portfolio. With the acquisition of ENGIE’s LNG business by Total in 2018, he was appointed Senior VP and responsible of the new LNG entity within Total - combining Total and ex-ENGIE LNG assets, portfolios and teams. In 2020, he was appointed Senior Representative Asia, Gas Division, GRP and Country Chair for Japan.
Partner, at Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho
Scott Neilson is a Partner at Allen & Overy Gaikokuho Kyodo Jigyo Horitsu Jimusho in Tokyo. He is one of the world’s leading lawyers in the fields of energy, sustainability, and related financing.
Scott has over 20 years of experience across a range of major projects, export credit and multisource financings, acquisition finance and restructurings. He advises project sponsors, project companies, international agencies, export credit agencies, and commercial lenders on their transactions worldwide. His practice has a strong focus on helping clients on strategic initiatives and projects related to energy transition and sustainability.
Head of Sustainable Investment - Fixed Income at Nomura Asset Management
Jason Mortimer is Head of Sustainable Investment – Fixed Income and Senior Portfolio Manager at Nomura Asset Management in Tokyo. In this role, Jason is focused on fixed income ESG integration and sustainable investing in global fixed income and credit, as well as Green, Social, Sustainability Bonds and other mainstream impact investment strategies. He developed NAM’s proprietary Corporate ESG Scoring Model, Sovereign ESG Scoring Model, Net Zero Bond Investment Framework, and pioneered the integration of Cybersecurity performance in investment portfolio risk monitoring and investor engagement.
Senior Research Director of The Institute of Energy Economics, Japan
Mr. Kutani has been engaged in energy policy analysis since joining IEEJ in 2007; his main field of research is analysis of global energy market and energy security issues with emphasis on Asia. The latest study project engagement includes development of energy master plan for Bangladesh, Japan-Germany joint study on energy transition, economic impact of early retirement of coal power plant, ASEAN power grid connectivity, and energy efficiency in the transport sector. Prior to his current role, Mr. Kutani has held positions of Leader of Gas Group, and Visiting Researcher at IEEJ, where his research has addressed US, European, and Asian gas and LNG markets, global coal markets and clean coal technology. Mr. Kutani began his career at JFE Engineering Corp. where he designed and managed natural gas pipeline projects. He holds a Master’s Degree in Mechanical Engineering from Waseda University, Japan.
Director, Tokyo of Economist Intelligence Corporate Network
Rodrigo González is the Director for Tokyo of Economist Intelligence Corporate Network.
He works closely with regional business leaders to assist them in economic and market trends, business competitiveness, monetary and fiscal policy and general economic advisory to help them optimise their business strategies and further enhance their connections to their c-suite peers.
He has vast experience in statistical analysis, strategy consulting and market research in different industries in and outside Japan. Rodrigo is a published author in environmental and transport economics and has spoken at international conferences in global warming and fiscal policy throughout the world.
Rodrigo holds a PhD in Economics from Keio University and is fluent in Spanish, English, French and Japanese.