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Abstract: . . . policy had been chosen. (Fig.5) Therefore, it is probably important to change the RPS as appropriate in terms of how Japan should achieve the Kyoto Protocol’s target with economic efficiency, while considering the details of a review of domestic global warming policy measures, on which more specific discussions will be held in the future. 3) Creating a new budget for new energies In the case of new energy policies traditionally carried out by the policy makers, primary emphasis has been placed on financial support measures for the construction of facilities that appropriate the government’s funds . . . . . . system trends. Therefore, issues and points of discussion anticipatable at present should be continuously extracted and reviewed. This report provides analyses of the outline and implementation of the Japanese RPS and its consistency with various policies and measures, and raises questions concerning points of discussion to be reviewed in the future. * RPS: Renewable Portfolio Standard – Legislation that sets a minimum percentage of electricity generated by renewable energies in terms of electricity sold, and presents target achievement options such as figure trade among electric utilities * Renewable . . . . . . 2010 target: 10.4% In addition to renewable-energy generators and electricity suppliers, traders can open accounts. Allowed to sell ROCs to the emissions trade market (but not vice-versa) Scheme for ensuring market liquidity Maintenance of the system guaranteed until 2027 Preferential connection of renewable energies to the transmission grid Guaranteed minimum price by power-supply type (terrestrial wind power, small-scale hydropower: 5 euro cents/kWh; biomass: 2 euro cents/kWh; photovoltaic: 15 euro cents/kWh) Incentives for parties fulfilling their obligations Tax breaks (e.g., electricity consumption-tax . . . . . . Medium-/small-scale wind power: 18-24 yen/kWh Large-scale waste: 9-11 yen/kWh Medium-/small-scale waste: 11-12 yen/kWh IPCC 3rd Report $400 (average for measures in Japan alone) ERUPT, CERUPT Approx. $10-15 Source: Prepared based on various documentation Notes 1. A certain amount of latitude is allowed in new-energy supply costs, depending on the characteristics of each project, in consideration of whether the project is an alternative to thermal power generation (average CO2-emission unit of thermal/all power supplies). Exchange rate: 120 yen/dollar. Notes 2. ERUPT (Emission Reduction Unit Procurement Tender), . . . . . . Power (4/1999) “Kimihito Ise and Fumiki Akisato: Renewable Energy Support Systems in EU Members (Volume I)” – Overseas Electric Power (5/1999), Advisory Committee for New Energy Division Documentation – Ministry of Economy, Trade and Industry (2001, 2001) “Toshihisa Fujii: Renewable Energy Utilization Promotion Measures in U.S.,” “Renewable Energy Policies in State of Texas” – Overseas Electric Power (4/2002) Hiroyuki Ishida: 15th Basic Energy Course “New Energies: Outline and Future Prospects” (9/2002) 9 IEEJ: September 2003 Fig.3: Outline of the Japanese RPS System National government (manages electronic . . . --3000,5,300,3418,36384
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