Achieving net zero emissions by 2050.
During the G7 summit Japan and Australia signed a joint declaration to achieve the goals of the Paris Agreement, and their determination to further collaboration on efforts to achieve decarbonisation and a net zero emissions future.
Both countries will consider a technology-led response is critical to reducing greenhouse gas emissions while also ensuring economic growth and job creation.
“We share an ambition to accelerate the development and commercialisation of low and zero emissions technologies as soon as possible, as achieving cost parity with high emitting alternatives is vital for decarbonisation efforts,” stated Prime Minister Morrison.
Japan and Australia are determined to make low and zero emissions technologies that will underpin decarbonisation strategies to make them globally scalable and commercially viable, through collaboration on technology research and development, in order to rapidly accelerate global emissions reduction and reach net zero emissions.
In this regard, Japan and Australia commit to collaborate and coordinate together, and with key likeminded partners regionally and multilaterally, on ways to support economic growth and resilience of the Indo-Pacific region and particularly amongst ASEAN members.
“This commitment will be displayed, by supporting regional partners in their pragmatic and clean energy transitions in various forms, which reflect their own circumstances and increasingly utilise low and zero emissions technologies and energy resources, to meet the region’s growing energy demands,” he said in a media statement. “We, together with their partners, will coordinate approaches wherever possible on support for clean, pragmatic and realistic energy transitions in the region, including for developing countries, through finance, capacity building, technology development and deployment support, and knowledge sharing.”
In support of this shared objective, Japan and Australia will provide financial support, as appropriate, to advance initiatives that will contribute to the development and deployment of low and zero emissions technologies.
The Minister for Energy and Emissions Reduction will lead work to develop joint initiatives under this Partnership for Australia side. The Minister of Economy, Trade and Industry will lead work to develop joint initiatives under this Partnership for Japan side.
Ministerial follow-up is expected to take place through existing frameworks such as Ministerial Economic Dialogue (MED), where appropriate. Officials’ level follow-up is expected to take place through existing officials’-level frameworks, such as the JAERD, where appropriate.