India and Japan launch clean energy partnership at 14th annual summit

India and Japan on Saturday launched a Clean Energy Partnership (CEP) for cooperation to achieve sustainable economic growth, combat climate change and ensure energy security.

The initiative was launched on the occasion of the 14th annual India-Japan summit held in New Delhi. Japanese Prime Minister Fumio Kishida is on a two-day visit to India (March 19-20) for a summit with his Indian counterpart Narendra Modi.

“The partnership will drive clean growth by spurring job creation, innovation and investment. It will also demonstrate to the world that India and Japan are at the forefront of achieving the ambitious climate and sustainable development,” the health ministry said. External Affairs (MEA) on the partnership said.

“Cooperation under this partnership will build on the work already done by both parties under the ‘India-Japan Energy Dialogue’ established in 2007 and will greatly expand the areas of collaboration for mutual benefit,” it said. the press release.

“They (the Prime Ministers of India and Japan) welcomed the launch of the India-Japan Clean Energy Partnership (CEP) for cooperation aimed at achieving sustainable economic growth, tackling climate change and ensuring energy security. , in areas such as electric vehicles (EV), storage systems including batteries, electric vehicle charging infrastructure (EVCI), solar, clean energy including hydrogen/green ammonia, wind energy, exchange of views on respective energy transition, energy efficiency, CCUS (carbon dioxide capture, utilization and storage) and carbon recycling,” said a joint press release from India and Japan.

The implementation of the partnership will be undertaken within the framework of the existing “India-Japan Energy Dialogue”, between various stakeholders such as ministries and organizations involved in this mechanism, MEA informed.

Within the framework of this partnership, the cooperation can also extend to the fields of waste management, clean steel, clean construction, sustainable urban development and water management, the press release added. of the MEA.

The two Prime Ministers also pledged to continue discussions towards the establishment of the Joint Credit Facility (JCM) between India and Japan for the implementation of Article 6 of the Paris Agreement. , the statement said, adding that they also reaffirmed their determination to promote environmental cooperation in other places.

“Prime Ministers, building on the outcomes of COP26, recognized the importance and imminence of tackling climate change and shared the importance of diverse pathways for pragmatic energy transitions reflecting different national circumstances and constant innovation to achieve global zero emissions,” the joint statement said. statement said.

The United Nations Climate Change Conference in Glasgow (COP26) brought together 120 world leaders and more than 40,000 registered participants who deliberated on all facets of climate change — the science, the solutions, the political will to act and clear directions for action while reaffirming the 2015 Paris Climate Accord.

“Prime Minister Kishida hailed India’s initiatives such as the International Solar Alliance (ISA) and the Coalition for Disaster Resilient Infrastructure (CDRI) and indicated that Japan will join the Indo- Swedish company LeadIT to promote the transition of heavy industry. They welcomed the signing of the MoC on sustainable urban development,” the joint statement read.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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