Japan, Thailand Agree to Launch New Energy Initiative to Promote Decarbonisation

Tokyo – Japan and Thailand on Thursday agreed to launch a new energy policy dialogue and implement joint projects to promote decarbonisation.

Japanese Minister of Economy, Trade and Industry, Koichi Hagiuda, and his Thai counterpart, Supattanapong Punmeechaow, signed a memorandum as part of the new initiative after their talks in Bangkok, said Japan’s Ministry of Economy, Trade and Industry.

The two countries aim for net-zero greenhouse gas emissions by 2050.

Earlier this year, Japan outlined its “Asia Energy Transition Initiative,” under which it promised to give 10 billion USD in financial support to Thailand and other member states of the Association of Southeast Asian Nations (ASEAN) for renewable energy, energy efficiency, LNG and other projects that are expected to create new jobs and investment.