Japan is seeking support from the Group of Seven (G7) economic powers to accelerate decarbonization efforts through collaboration at the upcoming meeting of ministers on climate, energy and the environment.
Energy security is G7 priority in Japan
As chair of the G7 this year, Japan plans to hold the meeting in Sapporo from April 15 to 16, before the G7 summit in Hiroshima from May 19 to 21. Japan’s Industry Minister Yasutoshi Nishimura says the G7 ministers share the recognition that decarbonization must be accelerated, but that each country must consider its own economic and energy circumstances. The rich G7 countries must ensure energy security and economic growth at the same time.
According to Nishimura, the risks to energy security in Japan are increasing since Russia’s invasion of Ukraine, which has increased the threat of supply disruptions. Japan and other countries recognize the importance of liquefied natural gas (LNG) and natural gas as energy sources for the transition period.
However, there are differences on the necessary length of the energy transition period, he said. Nishimura estimates that the gas will be needed for about 10 to 15 years, but further discussions are needed on financing the upstream investment.
Japan as a global leader in accelerating decarbonization efforts
Regarding last weekend’s surprise decision by OPEC+ members to cut production, Nishimura says that there was no disagreement between Japan and the Middle East, but that these countries have a different economic perspective than Japan. He adds that the global economy is expected to recover in the second half of this year.
As chair of the G7, Japan plays a leadership role in accelerating decarbonization efforts. His call for collaboration among the G7 nations highlights the importance of addressing climate change as a global issue.
By promoting a realistic energy transition, Japan aims to ensure both energy security and economic growth, while reducing carbon emissions. With its focus on practical solutions and cooperation, Japan’s approach to climate change is an example for other countries to follow.
