Japan’s Foreign Ministry press secretary, Kobayashi-Terada Maki, emphasized the importance of maintaining close partnerships with countries like Saudi Arabia and the UAE in order to achieve Japan’s goal of becoming a carbon-neutral economy by 2050. In an interview with Arab News Japan during the opening of COP28 in Dubai, Kobayashi-Terada acknowledged Japan’s energy dependence on other countries and the need for diverse means of energy production, even as energy efficiency is increased.
Throughout the climate summit in the UAE, Japanese companies and entities will be signing cooperation deals, further strengthening the relationships with these key countries. Japan stands out among the G7 nations as it is close to achieving its environmental goals. Kobayashi-Terada stated that Japan is on track to reduce greenhouse gas emissions by 46 percent by 2030 compared to 2013 levels, and is actively working towards the long-term objective of net zero emissions by 2050.
To support its goals, the Japanese government has implemented a green transformation program and aims to raise 150 trillion yen ($1.02 trillion) in private-public investment. Additionally, carbon pricing is being utilized to subsidize companies with significant emissions and promote energy efficiency. By 2028, companies importing fossil fuels will be charged based on their CO2 emissions, and by 2033, heavy emitters will pay for insurance based on their emissions. The pricing will gradually increase to incentivize emission reductions.
Later this month, Japan’s Ministry of Economy, Trade and Industry will host the Asia Zero Emission Community, a platform aimed at fostering cooperation between Asian countries in reducing emissions. Japan plans to collaborate with other nations in leveraging cutting-edge technology and providing assistance to develop their emission reduction capacity.
Speaking at COP28, Japan’s Prime Minister Kishida Fumio announced an increase in lending to the World Bank and the African Development Bank, with Japan being the first contributor and providing $10 million.
Japan’s commitment to partnerships and its comprehensive approach to achieving a carbon-neutral economy showcase its progress and confidence in meeting its objectives. By prioritizing collaboration and implementing effective policies, Japan is setting an example for other nations to follow in the transition to a sustainable future.
* This article originally appeared on Arab News Japan, click here to read it.