India-Japan clean energy pact commits to net zero by 2070 and 2050

It serves as a basis for expanding bilateral collaboration in low-carbon sectors and building resilient supply chains.

Who it concerns: The agreement involves India and Japan. It specifically names the Ministry of Power, Bureau of Energy Efficiency, Ministry of New & Renewable Energy, Ministry of Petroleum & Natural Gas, Ministry of Coal, and Japan's Ministry of Economy, Trade and Industry (METI). It affects sectors including electric vehicles, solar, wind, hydrogen, ammonia, LNG, coal, and construction, as well as the private sector and research institutions.

What was agreed

• India commits to a net zero target by 2070; Japan commits to net zero by 2050.
• Cooperation covers Electric Vehicles (EV), batteries, charging infrastructure, solar PV, wind energy, green hydrogen, green ammonia, LNG, CCUS, biofuels, and clean coal technology.
• The existing 5 Working Groups under the India-Japan Energy Dialogue will be merged into 4: Electricity and Energy Conservation, New and Renewable Energy, Petroleum & Natural Gas, and Coal.
• Collaboration will include R&D, technology transfer, training, capacity building, and low-cost long-term financing.
• Additional areas of cooperation include battery/solar panel recycling, clean steel, clean construction, and sustainable urban development.

Also in the document

• The partnership builds on the 'India-Japan Energy Dialogue' established in 2007.
• India took note of Japan’s Asia Energy Transition Initiative (AETI).
• The agreement emphasizes the involvement of the private sector and public sector undertakings to connect business ecosystems through workshops and matchmaking events.