Japan was represented at COP28 (the 28th Conference of the Parties to the UN Framework Convention on Climate Change) by Parliamentary Vice-Minister for Economy, Trade and Industry Yoshida.
The event ‘Taking action together with ASEAN’ on the Asian Zero Emissions Community (AZEC) concept was organised by the Ministry of Economy, Trade and Industry (METI), where Parliamentary Secretary Yoshida made opening remarks, emphasising the importance of transition through ‘diverse pathways’ towards the ‘common goal’ of net zero, the importance of the Asian region’s Japan’s efforts in the region at large, including AZEC and CEFIA, including specific energy-saving and renewable energy projects to support the energy transition, were communicated.
1.Taking action together with ASEAN: Indonesia’s Minister of Energy and Mineral Resources Arifin and ERIA Secretary-General Watanabe attended and delivered remarks, while senior government officials from Vietnam, Indonesia and Malaysia introduced their initiatives to decarbonise the region. Japanese companies introduced their initiatives in forest conservation from Oji Holdings, perovskite solar cells from Sekisui Chemical, ammonia from IHI and transition finance from Mitsubishi UFJ Bank.
2.2 Role of Government Bonds in GX Investment: ‘The Role of Government Bonds in GX Investment’ was jointly organised by the Ministry of Finance, the Ministry of Economy, Trade and Industry and the Ministry of the Environment. Parliamentary Secretary Yoshida gave an opening address and communicated Japan’s GX policy. After policy briefings from each ministry, Japanese securities companies, the European Bank for Reconstruction and Development (EBRD), which has experience in issuing transition bonds, and foreign investors discussed in a panel discussion the importance of transition finance and the need to ensure eligibility in promoting it, and high expectations for GX Economic Transition Bonds were expressed.
3.Tech for Transition: At the Tech for Transition event, which focused on the transition to a net-zero society through technology, Parliamentary Secretary Yoshida gave opening remarks and communicated various pathways towards the common goal of net-zero emissions reduction, economic growth and stable energy supply simultaneously. The event focused on various pathways towards the common goal of net-zero emission reductions, economic growth and energy security simultaneously. Presentations and panel discussions from Japanese companies – Sumitomo Forestry, Panasonic and JEPLAN – discussed the importance of visualising the contribution of technology to climate change mitigation and adaptation, and the importance of developing rules. IRENA and IEA presented a report prepared under the G7 Japanese Presidency. The MOU was unveiled by a Japanese-UAE start-up company, and the COP28 Secretariat (UAE Government) presented greetings and introduced the cooperation on decarbonisation technologies between Japan and the UAE.