Japan-EU Energy Policy Dialogue Held
On September 16, Agency for Natural Resources and Energy Commissioner Murase and European Commission Director-General for Energy Jorgensen held the Japan-EU Energy Policy Dialogue. This dialogue was implemented as a follow-up to the 30th Japan-EU Regular Summit in July and the announcement of the Japan-EU Competitiveness Alliance, discussing clean energy transition cooperation and resilient supply chain construction.
Clean Energy Industry Policy Dialogue Results
Both sides confirmed the importance of building resilient and reliable supply chains in clean energy fields such as wind, solar, and hydrogen, and agreed to cooperate in playing a leading role in this field. They agreed it would be useful to consider utilizing non-price factors based on five principles: transparency, diversity, security, sustainability, and reliability in each country policy measures.
Establishment of New Japan-EU Government Gas Dialogue
As part of the Japan-EU Energy Policy Dialogue, the first meeting of the Japan-EU Government Gas Dialogue was held. They reconfirmed the importance of energy security and economic efficiency, flexibility and transparency of interconnected LNG markets, and the important role of resilient natural gas and LNG sectors in decarbonizing energy systems.
Promotion of International Cooperation Initiatives
Japan and the EU, as like-minded partners sharing fundamental values and interests, are advancing cooperation through various initiatives including the Global Early Warning Mechanism for LNG, LNG Importers Initiative Alliance for Methane Reduction from LNG Value Chains, and cooperation memoranda on hydrogen.