New Delhi: Amid rising persuasion for countries to adapt to the concept of electric vehicles (EVs), India and Japan on Tuesday agreed to initiate discussion on the same by collaborating with "Policy dialogue on next generation/Zero emission vehicles".
In the 9th India-Japan Energy Dialogue held here earlier in the day, both countries agreed to work together in promoting well-functioning energy markets, energy security, energy access and issues pertaining to climate change.
Both Japan and India, as the third and the seventh largest economies respectively, recognised that having access to reliable, clean and economical energy is critical for their economic growth and in achieving this, agreed on further strengthening bilateral cooperation for energy development, while also contributing to worldwide energy security, energy access and climate change issues.
The two countries, with a view to implement Nationally Determined Contributions (NDCs) under the aegis of the United Nations Framework Convention on Climate Change (UNFCCC), recognised the importance of development and deployment of next-generation technologies including hydrogen to realise de-carbonisation.
They also appreciated the relevance of the grid stability, given the high penetration of variable renewable energy.
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. They also 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.
On a related note, Minister of State(IC) for Power and New and Renewable Energy, R.K Singh, and Minister of Economy, Trade and Industry (METI) Hiroshige Seko signed a joint statement at the conclusion of the meeting.