Japan counts on Asian market to transition to green energy

Japan is focusing on its neighbors in Asia as it hopes to take a leadership role in mounting pressure to reduce emissions, with $10 billion to help accelerate the region’s move away from fossil fuels were determined.

TOKYO — Japan is focusing on its neighbors in Asia as it hopes to take a leadership role in mounting pressure to reduce emissions, helping the region accelerate its move away from fossil fuels. 10 billion has been provided.

The Ministry of Economy and Industry on Monday hosted the first “Asia Green Growth Partnership” meeting, which brought together more than 20 countries, including Thailand and India, as well as the US, Australia and countries from the Middle East.

“There are different types of energy transition routes in each country. It is most effective to try according to each country’s economic, social and energy situation and technological capabilities,” said outgoing minister Hiroshi Kajiyama, adding that the cabinet reshuffle took place around the same time as the meeting. He is going.

He emphasized the importance of various alternatives, “such as nuclear power, hydrogen and ammonia, to promote the energy transition in a realistic manner.”

A ministry official told the Associated Press that the effort to get Asia on board helps Japan’s energy transition in the long run because it would mean a bigger market in a region that Japan considers important. Speaking on the customary condition of anonymity, Asian nations would be free to develop their own solutions.

The minister’s statement that there is “no single path to carbon neutrality” echoed the views of the Paris-based International Energy Agency, which also participated in Monday’s meeting.

China was invited but is not participating, citing a recent national holiday.

According to IEA data, Japan is more than 80% dependent on fossil fuels, but ranks third in the world in solar power generation capacity after China and the US.

Experts are warning that the world continues to heat up despite emissions targets from various countries. Last year, Japan pledged to become carbon neutral, achieving net zero greenhouse gas emissions by 2050.

Resource-poor Japan includes nuclear power in its energy mix plans, although some nuclear plants remain offline after the 2011 Fukushima nuclear disaster.


Yuri Kageyama is on Twitter


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