☰
Japan’s Industry Minister Koichi Hagiuda announced on Wednesday i.e., 13th July that the country is planning to assist India in steering its transformation process to clean energy by building on an initiative introduced last year for Southeast Asian nations.
The program called 'Asia Energy Transition Initiative' was originally designed to support the countries in the ASEAN (Association of Southeast Asian Nations) striving for net-zero carbon emissions.
For those unaware, the 10 member nations of the ASEAN union include Cambodia, Laos, Indonesia, Brunei, Myanmar, Singapore, Philippines, Vietnam, Malaysia, and Thailand.
Notably, the project is facilitated by a funding of USD 10 billion for fuel efficiency, liquefied natural gas (LNG) undertakings, and sustainable power.
Hagiuda confirmed at the Sydney Energy Forum, which was jointly hosted by the International Energy Agency and the Australian government that specialized guidance meant to natively support ASEAN countries that are a part of the strategic plans of Asia to boost carbon neutrality, will now be shared with India.
In the wake of the recent global energy shortage that has been caused by the deficit in the Russian energy supply, he stated that for India, now it has become the need of the hour to concentrate on diversifying its sources of energy.
He added that in the context of the present energy debacle, solid power availability and economic consistency are the extremely crucial groundwork for championing an evolution to reducing carbon emissions for any nation.
Moreover, he advised on ways to improve energy independence, such as a considerable nudge for the diversification of power resources.
It is worth mentioning that before his commute to Sydney for discussions with partners India, Australia, and the United States, Hagiuda is likely to push the United States and Australia to ramp up LNG output and guarantee consistent supply to Japan.
Source credit:
Fitbit, a Google company, is reportedly facing a series of privacy complaints within the European Union. These complaints revolve around allegations that the company is engaging in unlawful exporting of user data, thereby violating the EU's strin...
Social network X, previously known as Twitter, has reportedly unveiled more modifications that involve the retirement of certain legacy API endpoints. The company implemented adjustments to its API pricing in March, resulting in elevated costs for...
Zapata AI, a software enterprise dedicated to addressing intricate computational challenges, has reportedly unveiled a strategic partnership with IonQ, a leading figure in quantum computing hardware and commercial quantum application advancement. The...
The tech giant Meta has reportedly introduced AudioCraft, a framework capable of generating high-quality audio and music based on short text prompts. The AudioCraft framework aims to simplify the use of generative models for audio by providing a c...
GlaxoSmithKline Pharmaceuticals, the Indian arm of GSK plc based in the UK, reportedly recorded an 11% increase in its first-quarter profit, driven by robust demand for its vaccines. According to the company's statement, the consolidated profi...
© 2024 aeresearch.net. All Rights Reserved.
