Japan proposes halving global emissions by 2050, commits to India's energy projects

This joint statement between India and Japan outlines commitments to enhance cooperation on environmental protection and energy security within the context of their Strategic and Global Partnership. The leaders agreed to work together on climate change mitigation, energy efficiency, and sustainable development through bilateral and multilateral frameworks.

The agreement involves the Republic of India and Japan, specifically their Prime Ministers. It affects the energy sector (including power generation, transmission, and distribution), the environment sector (biodiversity, water, forests), and industries involved in clean technology, bio-fuels, and high-efficiency machinery. Specific entities named include NTPC (India), NEDO (Japan), and Japanese companies participating in Indian power projects.

• Commitment to work toward a global framework for climate change beyond 2012 under the UNFCCC.
• Japan proposed a long-term target to cut global emissions by half by 2050 ('Cool Earth 50').
• India committed to accelerating energy efficiency policies and measures in all sectors.
• Agreement to commence early discussions on a model project for bagasse ethanol production with NEDO.
• Japan expressed willingness to support India's strategic petroleum storage system in cooperation with the IEA.
• Japanese companies are welcomed to participate in ultra mega power generation projects and other areas of the Indian power sector.
• Establishment of private sector joint ventures for manufacturing high-efficiency power generating machinery.
• Annual India-Japan Ministerial-level Energy Dialogue to be held with broadened scope.
• Cooperation on clean coal technologies and the Asia-Pacific Partnership on Clean Development and Climate (APP).

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