Japan and the USA held the third annual Japan-U.S. Power Safety Dialogue (ESD) on December 12 in Tokyo, Japan. Japanese Ministry of Financial system, Commerce and Trade Director Basic KIHARA Shinichi and Ministry of Overseas Affairs’ Financial Affairs Bureau Director Basic KATAHIRA Satoshi met U.S. Division of State Assistant Secretary for Power Assets Geoffrey PYATT to debate deepening our cooperation to strengthen vitality safety, speed up the clear vitality transition, and diversify provide chains for crucial minerals and clear vitality applied sciences.
Since October 2022, Ukraine’s vitality system has been one of many major targets of Russia’s brutal navy assaults. Russia has escalated its assaults since March 2024, inflicting vital harm to Ukraine’s energy technology capability and additional endangering the Ukrainian individuals’s entry to crucial providers. Japan and the USA reaffirmed their unwavering assist for Ukraine within the face of Russia’s unlawful conflict of aggression in opposition to Ukraine and its brutal and unjust assaults on Ukraine and its vitality infrastructure.
The US and Japan acknowledged the necessity to rigorously observe the impacts on international vitality markets because of present geopolitical developments, together with Russia’s aggression in opposition to Ukraine and the conditions in Center East, and emphasised the significance of a secure vitality market and their dedication to being crucial vitality companions. The Division of State and Division of Power reiterated their dedication to supporting Japan’s vitality safety, together with the USA’ skill to predictably provide liquefied pure gasoline (LNG) whereas working with different fossil vitality importers and producers to reduce methane and carbon emissions throughout the fossil vitality worth chain, and speed up the worldwide transition to net-zero emissions by 2050.
Japan and the USA reiterated their dedication to implementing the International Methane Pledge (GMP), contemplating the necessity for a strong partnership between producers and customers of fossil fuels. Japan and the USA purpose to reduce methane and CO2 emissions from the fossil vitality sector, welcoming the result of LNG Producer-Client Convention 2024 (LNGPCC2024) held in Hiroshima, Japan on October 6, 2024, and recognizing the significance of the enlargement of the CLEAN (Coalition for LNG Emission Abatement towards Internet-zero) initiative and the CLEAN Annual Report 2024, because the world’s first methane information disclosure by venture.
The US and Japan acknowledged the local weather disaster because the existential problem of our time and intend to be leaders within the international response with emphasis on the significance of concurrently attaining net-zero, financial progress, and vitality safety, whereas pursuing numerous pathways. By means of Japan’s GX Promotion Act and the U.S. Inflation Discount Act and Bipartisan Infrastructure Legislation, Japan and the USA are driving the decarbonization of our economies, spurring financial progress and job creation, bettering industrial competitiveness, strengthening vitality safety by the elevated growth and deployment of unpolluted vitality applied sciences, and constructing extra various clear vitality and important minerals provide chains. Japan and the USA reaffirmed our efforts to maximise the synergies throughout these historic investments and promote complementary, resilient clear vitality provide chains.
The 2 nations emphasised the necessity to facilitate elevated non-public sector funding by leveraging non-public sector demand for clear vitality by the Clear Power Demand Initiative (CEDI). The US welcomed continued cooperation with Japan within the Indo-Pacific to advance the aims of CEDI to extend funding in clear vitality in addition to choices for the non-public sector to acquire it, which can assist U.S. and Japanese firms working within the area meet their rising demand for clear energy whereas contributing to financial progress. The rising energy demand from AI creates new alternatives for clear vitality deployment, together with nuclear energy, which helps provide capability and vitality safety within the digital age.
Japan and the USA decide to cooperating on vitality provide chains and to speed up deployment of unpolluted vitality applied sciences. Each nations will work collectively to advertise progressive applied sciences comparable to floating offshore wind, clear hydrogen and its derivatives comparable to ammonia, e-fuels and e-methane, carbon seize and storage/carbon recycling, and superior nuclear reactors, together with small modular reactors (SMRs), to assist improve entry to safe provides of unpolluted vitality.
Japan and the USA re-affirmed their dedication to hunt cooperation on crucial minerals initiatives by the Minerals Safety Partnership (MSP) to construct diversified and resilient provide chains to boost our financial and vitality safety. Each nations acknowledged the sturdy provide chain linkages for a lot of crucial minerals, together with between Japanese midstream firms and processed components producers, and U.S. end-user companies. Japan welcomed U.S. commitments to assist improve provide chain resilience in opposition to the potential abuse of export management measures on crucial minerals to the detriment of our collective financial and nationwide safety. The US and Japan reaffirmed their dedication to maintain and develop accountable bilateral and international commerce. Significantly in e-scrap for the needs of accelerating crucial mineral recycling and round economies.
Japan and the USA acknowledged the Japan-U.S. Mekong Energy Partnership (JUMPP) as an essential mechanism for advancing our shared imaginative and prescient of a safe and sustainable vitality future within the Mekong area. In the course of the 5 years of JUMPP, each companions have completed significant strides in direction of clear vitality integration and regional interconnectivity in Cambodia, Lao Peoples Democratic Republic, Thailand, and Vietnam by key contributions to technical evaluation, market growth, and renewable vitality integration. Japan and the USA are happy to share the JUMPP Accomplishments Report, a publication highlighting all of the regulatory developments, elevated clear vitality capability, and expertise deployment over 5 years of this partnership.
Each side acknowledged the numerous improve in demand for agency, clear electrical energy with the surge in international curiosity for synthetic intelligence and different rising applied sciences and welcomed elevated civil nuclear collaboration in third markets to satisfy these wants. This consists of cooperation beneath the U.S. Division of State’s Foundational Infrastructure for the Accountable Use of Small Modular Reactor Expertise (FIRST) Program, to assist capability constructing, feasibility research, and early engineering work for the deployment of nuclear vitality beneath the very best requirements of nuclear security, safety and nonproliferation in keeping with IAEA requirements and steering within the Indo-Pacific area and elsewhere.
Japan and the USA confirmed the nice worth of this Power Safety Dialogue, and the productive monitor 1.5 element, and stay up for convening once more at a senior stage in 2025.
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