ASIA ENERGY TRANSITION INITIATIVE

Japan looks forward to supporting India’s clean energy transition by including India in the Asia Energy Transition Initiative (AETI).

What is Asia Energy Transition Initiative?

The Clean Energy Partnership between India and Japan was published in March 2022.
It would work on the agenda covered in the India-Japan Energy Dialogue 2007 and will subsequently expand into areas of mutual benefit.
India and Japan have taken over the presidentship of G20 and G7, respectively.
In the context of environmental sustainability, India’s Lifestyle for Environment (LiFE) is one of the most important priorities during the G20 presidency.
Also, the Feed-in Premium (FiP) scheme by the government of Japan was implemented in April 2022 and is expected to improve the country’s energy transition.
Japan has set a goal of becoming net-zero by 2050, and the government issued an interim report on Clean Energy Strategy in May 2022.
India has also set an ambitious target of achieving net-zero emissions by 2070.
The Indian subcontinent’s massive renewable energy potential can boost green hydrogen (GH2) production and immense potential for a GH2 economy.
Nepal and Bhutan also have surplus hydropower potential, and green hydrogen electrolyzers can tap this in countries like India and Bangladesh.
Events like the India-Japan Environment week would help create a roadmap to integrate variable renewable energy into the system through technological, institutional, and personnel cooperation.

Clean Energy Transition

Clean energy transition refers to the shift from traditional, fossil fuel-based energy sources (such as coal, oil, and natural gas) to cleaner, more sustainable sources of energy that have a lower impact on the environment.
This transition is driven by the need to reduce greenhouse gas emissions, mitigate the effects of climate change, and address other environmental and public health concerns associated with the use of fossil fuels.

SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB

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