Collaboration in EVs on the anvil

India and Japan recognized the importance of development and deployment of next generation technologies including hydrogen to realize de-carbonization.

This development is part of both countries’ view to implement Nationally Determined Contributions (NDCs) under the aegis of the United Nations Framework Convention on Climate Change (UNFCCC).

Both countries also agreed to initiate the discussion on development of Electric Vehicles (EVs) by collaborating with “Policy dialogue on next generation/Zero emission vehicles”.

These initiatives were announced following the 9th India Japan Energy Dialogue was held in New Delhi on 1 May 2018.

Minister of State(IC) for Power and New & Renewable Energy, Raj Kumar Singh, and Minister of Economy, Trade and Industry (METI), Hiroshige Sekosigned a Joint Statement at the conclusion of the meeting.

Both Japan and India, as the third and the seventh largest economies respectively, recognized that having access to reliable, clean and economical energy is critical for their economic growth.

Both Ministers agreed on further strengthening of bilateral energy cooperation for energy development of both countries, while also contributing to worldwide energy security, energy access and climate change issues.

Both India and Japan appreciated the relevance of the grid stability given the high penetration of variable renewable energy, said the statement.

Both India and Japan reiterated the continued importance of coal-based electricity generation in the energy mix in both the countries and also agreed to promote the cooperation on environmental measures for coal-fired power plants.

Both India and Japan further confirmed their commitment to work together in promoting well-functioning energy markets and affirmed to promote transparent and diversified Liquefied Natural Gas (LNG) market through the relaxation of destination clause. fii-news.com