9th India-Japan Energy Dialogue

India-Japan agreed during the 9th Energy Dialogue held in New Delhi on May 01, 2018 to work together for energy security, energy access and climate change issues; to initiate discussion towards development of Electric Vehicles (EVs) and commit to work together in promoting well-functioning energy markets by collaborating with “Policy dialogue on next generation / zero emission vehicles”. India’s Minister of State(IC) for Power and New & Renewable Energy, R.K Singh, and Japan’s Minister of Economy, Trade and Industry (METI) Hiroshige Seko signed a Joint Statement at the conclusion of the meeting:

• 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 and in achieving this, both Ministers agreed on further strengthening of bilateral energy cooperation for energy development of both countries.

• Both India and Japan with a view to implement Nationally Determined Contributions (NDCs) under the aegis of the United Nations Framework Convention on Climate Change (UNFCCC) recognized the importance of development and deployment of next generation technologies including hydrogen to realize decarbonization.
• Both India and Japan appreciated the relevance of the grid stability given the high penetration of variable renewable energy.

• 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.