The German Embassy in Tokyo, the Environmental Institute for Global Environmental Strategies and Climate Transparency cordially invite you to the event:
“Aligning international finance for the net-zero economy: A common challenge for Japan and Germany”
Tuesday, 8 February 2022
04:00-05:30 pm JST l 08:00-09:30 am CET
The COP26 climate summit in Glasgow ended with a compromise to phase down coal power. A complete phase-out agreement could not have been reached on the multi-lateral stage. However, 46 countries, among them Germany, signed the Global Coal to Clean Power Transition Statement to achieve that major economies transition away from unabated coal power generation in the 2030s and others in the 2040s. In addition, new initiatives such as the Asian Development Bank’s Energy Transition Mechanisms and the Just Energy Transition Partnership among South Africa, European countries and the US were proposed. These new efforts, together with the ongoing challenge to jump-start the global economy in a COVID-19 world, creates a unique window of opportunity to switch tracks from high to low carbon pathways.
As highly industrialised nations Japan and Germany are in a position to promote decarbonisation through innovative technologies. Both nations share the need to transition to a low-carbon economy, but also need to stay competitive in a more and more carbon-constrained world. Their support to other nations’ decarbonisation efforts through bilateral and multilateral energy partnerships by dialogue, assistance and transfer of policy is therefore a key component for a global low-carbon economy. At the same time, all G7 nations have committed to an increase of low-carbon investments at their last summit in June 2021 to help balancing out the phase-out of foreign investments in coal power.
This dialogue will introduce the current status and future perspective of decarbonisation, opening possibilities for common net-zero pathways.
We would be delighted to welcome you to this event and engage with you in a lively debate. Please register here.
We look forward to welcoming you.
Dr. Kentaro Tamura
Institute of Global Environmental Strategies
Dr. Gerd Leipold
Program Director, Climate Transparency