Policy Engagement Overview
The aggregated evidence of corporate and industry engagement with Japan's increased 2030 NDC GHG emissions reduction target shows mostly supportive engagement from most sectors, although with negative engagement from cross-sector associations and the steel industry.
Many individual corporations have broadly supported the 2030 NDC, companies including Panasonic, Honda, and Softbank Group.
### Policy Engagement Trends
Many Japanese industry associations representing a wide range of industries have publicly supported the 2030 emissions reduction target since it was increased by the government. The Central Japan Economic Federation, Japan Association of Corporate Executives (Keizai Doyukai), Japan Electronics And Information Technology Industries Association (JEITA) and Japan Electrical Manufacturers' Association (JEMA) have expressed broad support for the increased 2030 target since its adoption. Industry associations such as the Renewable Energy Council (REC) and Japan Climate Leaders’ Partnership (JCLP) strongly supported a more ambitious 2030 target.
On the other hand, despite some positive top-line messaging, major cross-sector industry associations were not supportive of the 2030 emissions reduction target, while the steel industry directly opposed it. The Japan Business Federation (Keidanren) and Japan Chamber of Commerce and Industry (JCCI) emphasized the increased costs associated with the target, as well as the technological feasibility of its achievement. Citing similar concerns, the Japan Iron and Steel Federation (JISF) has engaged in opposition of the 2030 target.
Many companies have broadly supported the 2030 target, including Panasonic, Softbank Group, and Honda. Meanwhile, Nippon Steel was not supportive of the target, emphasizing difficulties in achieving it.
