The Prime Minister’s Office and Japan’s Ministry of Trade, Economy and Industry (METI) emphasise their shared values and close relationship, common commitment to ambitious action to achieve the goals of the Paris Agreement, and their determination to further collaboration on efforts to achieve a net zero emissions future.
Both sides recognise the urgency of addressing climate change as a common global challenge, and that all countries must play their part in the global response.
Both sides acknowledge the need to explore a variety of options and utilise all fuels and technologies to ensure a secure and stable supply of energy for achieving both goals of economic growth and lowering greenhouse gas emissions and share the view that there is no single pathway to achieving carbon neutrality, but rather there are unique and diverse paths for each country.
Both sides emphasised the importance of the long-standing energy relationship between Brunei and Japan. They also agreed to explore possible opportunities for energy transition efforts and cooperation to further enhance the bilateral relationship between both countries.
Moreover, the countries also recognise the importance of achieving sustainable economic growth and a reduction of greenhouse gas emissions and that innovation plays an indispensable role in the pathway toward carbon neutrality.
Reducing the cost of renewable energy as well as energy storage systems, installing cutting-edge technology and introducing support systems for decarbonisation technologies such as energy storage systems such as batteries or conversion into alternative energies such as hydrogen, alternative energy such as hydrogen, combine-cycle gas turbine (CCGT) and CCS/CCUS would be key.
METI expresses its commitment to comprehensively support energy transition through the “Asia Energy Transition Initiative (AETI)”. In this regard, both sides agreed to initiate discussions at the working level to formulate a roadmap for the energy transition in Brunei Darussalam in cooperation with the Economic Research Institute for ASEAN and East Asia (ERIA) and the Institute of Energy, Economics, Japan (IEEJ).
The progress would be reported to Ministers of both sides when appropriate.
Additionally, METI will provide a wide range of support for the realisation of this roadmap, such as the introduction and dissemination of decarbonisation technologies and human resource development.
THE BRUNEIAN | BANDAR SERI BEGAWAN
