Japan Steps Up to Help Asia Achieve Its Decarbonization Goals

Japan Steps Up , to Help Asia Achieve Its , Decarbonization Goals.

'The Independent' reports that Japan has vowed to lead the world's efforts to simultaneously achieve decarbonization goals, economic growth and energy security.

On December 18, Prime Minister Fumio Kishida spoke about Japan's ambitious goal while speaking at a regional climate summit attended by leaders in Southeast Asia.

While speaking at the Asia Zero Emission Community (AZEC), Kishida said that the climate initiative will create , “a new, huge decarbonization market in Asia that will attract global capital.".

According to Kishida, the cost of achieving decarbonization in Asia will be $28 trillion.

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The initiative will also establish a new organization to support countries' efforts to implement policies aimed at achieving carbon neutrality.

'The Independent' reports that Japan will help other members of the Association of Southeast Asian Nations (ASEAN) develop technologies meant to cut emissions.

Those efforts reportedly include co-firing technology that utilizes ammonia or hydrogen and developing more flexible, mobile types of solar panels.

Those efforts reportedly include co-firing technology that utilizes ammonia or hydrogen and developing more flexible, mobile types of solar panels.

Japan has already achieved an emissions reduction of 20% and is on track to meet its stated 46% reduction by 2030.

The country plans to achieve its net-zero goals by increasing reliance on renewables, utilizing nuclear power and other measures.

The country plans to achieve its net-zero goals by increasing reliance on renewables, utilizing nuclear power and other measures.

At this year's COP28 summit in Dubai, Japan pledged to end new construction of unabated coal-fired power plants to slowly reduce the country's reliance on fossil fuels.