India and Japan have agreed to extend clean energy partnership to cover EVs, battery storage and green hydrogen as the two Asian countries follow the path of net-zero carbon emission.
The India-Japan clean energy partnership statement was issued, detailing areas of cooperation, after Japanese Prime Minister Kishida Fumio met India Prime Minister Narendra Modi for the 14th India-Japan Annual Summit.
“India and Japan acknowledge the need to explore a variety of options to ensure a secure and stable supply of energy for achieving both goals of sustainable economic growth and addressing climate change. They share the view that there is no single pathway to achieve a low-carbon economy, but rather there are different paths for each country,” it said.
Even as India targets net zero carbon emission by the year 2070, Japan is looking to achieve the target by 2050. Both countries are tapping into low-carbon sunrise sectors and exploiting new technologies and business models to reduce carbon emissions,” the joint statement said.
The two nations agreed to expand the 2007 cooperation under the Japan-India Energy Dialogue to include Electric Vehicles (EV), storage systems including batteries, electric vehicle charging infrastructure (EVCI), development of solar energy including solar PV cells, wind energy and clean coal technologies. They will also collaborate on green hydrogen and ammonia, LNG, biofuels and strategic oil reserves.
“As part of further efforts to build global and resilient supply chains, cooperation should be established on a long-term basis not only in the manufacturing sector but also in Research & Development (R&D), transfer of technology, training and capacity building and low-cost long-term financing,” it said. “The partnership will lead to clean growth by boosting job creation, innovation, and investments. It will also demonstrate to the world that India and Japan are at the forefront in delivering on the ambitious climate and sustainable development goals.