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Japan pledges financial support to help ASEAN decarbonise
Energy-poor Japan hopes to become the world's leading hydrogen economy to reduce dependence on traditional polluting fossil fuels such as coal and oil.
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Japanese Prime Minister Fumio Kishida speaks during a press conference at the prime minister's official residence in Tokyo as an extraordinary Diet session was closed on December 21, 2021. (AFP/Yoshikazu Tsuno)
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apan pledged financial and technological support on Saturday to help ASEAN countries accelerate their efforts to decarbonise their economies and combat climate change.
Energy-poor Japan hopes to become the world's leading hydrogen economy to reduce dependence on traditional polluting fossil fuels such as coal and oil.
As the chair of the Group of Seven nations (G7) this year, Japan will hold a ministerial meeting on climate, energy and environment in Sapporo on April 15-16, ahead of the G7 summit in Hiroshima on May 19-21, to promote what it calls realistic energy transition.
"Japan will take a lead in providing generous support in finance, technology and personal resources to help Asia's decarbonisation," Industry Minister Yasutoshi Nishimura told the first ministerial meeting of the Asia Zero Emission Community (AZEC).
The AZEC was proposed by Japanese Prime Minister Fumio Kishida last year with the aim of sharing the philosophy of promoting decarbonisation in Asian nations and cooperating to push forward energy transition.
At the meeting, attended by several ASEAN members and Australia, Nishimura said the push for collaboration will include renewable power, natural gas, hydrogen and ammonia among other areas.
AZEC, in a joint statement, called for the group to financially support investments into decarbonisation infrastructure and creation of clean energy supply chains.
