Accenture Roadmap for Low-Emission Hydrogen Japan

The report evaluates Japan's progress toward a scaled low-emission hydrogen market by 2030, highlighting new financial instruments like GX Economy Transition Bonds and the Revised JOGMEC Act. While noting progress in strategic planning and international MoUs, it emphasizes the need to accelerate funding for electrolysers, phase out grey and blue hydrogen, and implement carbon pricing to ensure the 2030 targets are met.

• Japan has introduced several major financial and policy instruments to drive its Green Transformation (GX), including the GX Economy Transition Bonds, which will provide $154 billion (JPY 20 trillion) over 10 years starting in 2023 to support up-front investments.
• The proposed Basic Hydrogen Strategy Revision sets ambitious new targets, including a supply of 12 million tonnes per annum (Mtpa) of hydrogen equivalent in Japan by 2040 and the global deployment of 15GW of electrolyser capacity by Japanese companies by 2030.
• To internalize the cost of carbon and disincentivize grey hydrogen, Japan plans a 'Growth-Oriented Carbon Pricing' system consisting of an Emissions Trading System (ETS) with full operation expected in 2026 and a Carbon Surcharge for fossil fuel importers starting in 2028.
• The Japanese government is shifting toward defining hydrogen based on emissions intensity rather than production 'colours', proposing a national standard for low-emission hydrogen at an 'internationally acceptable level' based on IPHE methodology, with a considered threshold of 3.4 t-CO2/t-H2 (well-to-gate).
• The Revised JOGMEC Act expands the role of the Japan Organization for Metals and Energy Security to provide financial assistance, such as equity investments and debt guarantees, specifically for hydrogen and ammonia projects.

APA

World Economic Forum (2023). Accenture Roadmap for Low-Emission Hydrogen Japan. https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Low_Emission_Hydrogen_Japan_2023.pdf

Chicago

World Economic Forum. Accenture Roadmap for Low-Emission Hydrogen Japan. 2023. https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Low_Emission_Hydrogen_Japan_2023.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Accenture Roadmap for Low-Emission Hydrogen Japan |date=July 2023 |url=https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Low_Emission_Hydrogen_Japan_2023.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2023accenture, author = {{World Economic Forum}}, title = {{Accenture Roadmap for Low-Emission Hydrogen Japan}}, institution = {World Economic Forum}, year = {2023}, month = jul, url = {https://www3.weforum.org/docs/WEF_Accenture_Enabling_Measures_Roadmap_for_Low_Emission_Hydrogen_Japan_2023.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }