AUEP Focus Company: JERA

Company Information

Name: JERA

Market: Japan

Installed capacity (as of 2024): 68.7 GW (thermal), 2.1 GW (non-thermal)¹

Climate-related targets committed:²

Long-term: 

– Net zero CO2 emissions from both domestic and overseas businesses by 2050  

Medium-term: 

• 20% reduction in carbon emission intensity of thermal power plants by 2030 (based on long-term energy supply-deand outlook set by government) 

• More than 60% reduction in domestic business CO2 emissions by 2035 (compared to 2013 level) 

Engagement Updates

JERA is a non-listed company formed by a merger of Chubu Electric Power (also an AUEP focus company) and Tokyo Electric Power Company (TEPCO)’s thermal power divisions. It is Japan’s largest GHG emitter. As the largest energy company, JERA is a major contributor to Japan’s emissions, particularly through its thermal power plants.  

In 2024, AUEP investors decided to engage JERA separately from Chubu Electric Power. JERA was formally included as an AUEP focus company in 2025.   

Decarbonisation Strategy
JERA has Japan’s largest power generation capacity and one of the world’s largest liquefied natural gas portfolios.³ Its decarbonisation strategy (Zero CO2 Emissions 2050), which covers Japan’s domestic and overseas operations, focuses on three approaches: establishing country and region-specific roadmaps, adoption of smart transitions and leveraging renewable energy and adoption of hydrogen and ammonia in thermal power.  

JERA has described the decarbonisation levers and actions in their transition plan for the short term (2030), medium term (2035) and long term (2050).⁴  This includes decommissioning all inefficient coal power plants (supercritical or less) by 2030, conducting demonstration tests of ammonia substitution at high-efficiency (ultra-supercritical) coal power plants (20% by 2030, 100% from 2040), and promoting offshore wind power development.⁵