Japan's Leadership in Energy Transition for Asia-Pacific Region
Key Ideas
- Japan is accelerating the development of carbon abatement technologies to keep fossil fuels in its energy mix, ensuring energy security and economic growth.
- The country is committed to phasing out 'unabated' coal-fired plants by 2035 and aims to achieve net zero emissions by 2050, with a focus on clean fuels like hydrogen and ammonia.
- Through initiatives like the Asia Zero Emission Community (Azec), Japan is spearheading efforts to promote diverse pathways to decarbonization in the Asia-Pacific region, emphasizing cooperation and financial support.
- Japan has pledged significant financial assistance to support decarbonization efforts globally, including providing about $70 billion to back decarbonization projects and issuing a climate transition bond.
Japan is focusing on promoting its energy transition approach, emphasizing carbon abatement technologies, to the coal-reliant Asia-Pacific region. The country has accelerated the development of carbon abatement technologies to maintain fossil fuels in its energy mix, ensuring energy security and economic growth. Japan, along with its G7 counterparts, has committed to phasing out 'unabated' coal-fired plants by 2035, aligning with the goal of limiting a temperature rise to 1.5°C. To support this endeavor, Japan's trade and industry ministry has requested significant funding to advance carbon capture and storage (CCS) projects, including exploring CO2 storage sites. Japan aims to achieve net zero emissions by 2050, with a focus on clean fuels like hydrogen and ammonia. The country is also keen on extending its vision for diverse pathways to decarbonization, including thermal power with abatement, to coal-reliant southeast Asia. Through the Asia Zero Emission Community (Azec), Japan is leading efforts to promote decarbonization in the region by offering financial support and technological know-how. Japan's commitment to reducing its GHG emissions and providing financial assistance underscores its leadership in advocating for a cleaner energy future.
Topics
Projects
Energy Transition
Decarbonisation
Asia-Pacific
Carbon Capture
Economic Growth
Financial Support
Carbon Abatement
Coal-reliant Region
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