Japan set to extend energy transition support to India

SYDNEY, July 13 (Reuters) – Japan plans to support India in driving the clean energy transition, expanding a program it launched last year for countries in South Asia. Southeast, Industry Minister Koichi Hagiuda said on Wednesday.

Japan’s “Asian Energy Transition Initiative” initially aimed to support countries in the Association of Southeast Asian Nations (ASEAN) striving to achieve net-zero carbon emissions , including $10 billion in funding for renewable energy, energy efficiency and liquefied natural gas (LNG) projects.

“Specific support includes supporting ASEAN countries in the Asian roadmap to carbon neutrality, which will be expanded to include India,” Hagiuda said at the Sydney Energy Forum, co-hosted by the Australian government. and the International Energy Agency.

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Hagiuda said the region should strive to diversify its energy sources, in light of the current energy crisis due to the loss of Russian energy supplies.

“In this context, given the current energy crisis, stable energy supply and market stability are essential as a basis for promoting a transition to carbon neutrality,” Hagiuda said.

“For this, we must commit to improving our energy independence through elements such as a new impetus for the diversification of energy supply sources.”

Ahead of his trip to Sydney for talks with Quad partners in Australia, India and the United States, Hagiuda said on Tuesday he would press the United States and Australia to increase LNG production and a stable supply in Japan. Read more

He made no comment in his speech on the outcome of those talks which took place earlier on Wednesday.

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Reporting by Sonali Paul; Editing by Rashmi Aich

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