Japan's Push for Energy Transition: 70 MOUs Signed at AZEC Ministerial Meeting
Key Ideas
  • Japan signed 70 MOUs on energy transition with partner countries at the Asia Zero Emission Community (AZEC) ministerial meeting in Jakarta.
  • The aim of the AZEC is to promote decarbonisation in Asia and cooperate to push forward energy transition, focusing on creating a sustainable fuel market in the transportation sector.
  • Cooperation is set to enhance regional power grids, invest in new energy sources like hydrogen and ammonia, and promote next-generation vehicles and sustainable fuels.
  • Among the signed MOUs was a collaboration between Toyota Tsusho and Indonesia's Pertamina to develop biofuels and green hydrogen, highlighting a shift towards cleaner energy solutions.
Japan took a significant step towards energy transition by signing 70 memorandum of understandings (MOUs) with partner countries during the Asia Zero Emission Community (AZEC) ministerial meeting held in Jakarta. The initiative, proposed by Japanese Prime Minister Fumio Kishida in 2022 and launched in 2023 with 11 partner countries, aims to promote decarbonisation in Asia and foster cooperation to advance energy transition. During the event, Japan's Minister of Economy, Trade and Investment, Ken Saito, announced the availability of $1 billion through a project in partnership with global South support scheme to support 14 projects. The focus of the AZEC is to establish a sustainable fuel market in the transportation sector to drive energy transition in Asia. Indonesia's coordinating minister of the economy, Airlangga Hartarto, emphasized the need for cooperation in enhancing regional power grids, investing in new energy sources such as hydrogen and ammonia, and promoting next-generation vehicles and sustainable fuels. One notable MOU signed was between Toyota Tsusho and Indonesia's Pertamina for the development of biofuels and green hydrogen, showcasing a commitment to cleaner energy solutions. The full list of signed MOUs was not immediately disclosed, indicating a significant wave of partnerships and initiatives towards a more sustainable energy future.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.