Due to growing demand, Japan faces a significant increase in society’s expenditure on electricity supply. Under the Reference Scenario, undiminished growth in demand, the increase in fossil fuel prices and the costs of CO2 emissions result in electricity supply costs of around $138 billion in 2050. Figure 28 shows that the Energy [R]evolution scenario not only complies with global CO2 reduction targets but also helps to relieve the economic pressure on society. Increasing energy efficiency and shifting energy supply to renewable energy resources reduces the long-term costs for electricity supply by nearly 38% compared to the Reference Scenario. It becomes obvious that following stringent environmental targets in the energy sector also pays off in terms of economics.
 |
|