Japan reiterated on Friday its policy to reduce reliance on coal-fired electricity generation as much as possible, with plans to phase out inefficient coal power plants towards 2030.
Economy, Trade and Industry Minister Koichi Hagiuda made the comments when asked about an expected communique to be issued by energy, climate and environment ministers from the Group of Seven countries.
A draft communique, seen by Reuters ahead of May 25 to 27 talks between the ministers, showed the group would consider committing to a phase-out of coal by 2030, though sources suggested that opposition from the United States and Japan could derail such a pledge.
"I think what Japan has been advocating through every opportunity so far is percolating" through partner countries, he said. Japan's policy allows for continued operation of efficient coal-fired power stations. Last year the government said it aimed at cutting coal's share of electricity generation to 19% by 2030 from 32% in 2019.
As for natural gas, the minister said: "In order to secure a stable energy supply and reduce reliance on Russian gas, we will diversify our supply sources by investing in liquefied natural gas and promoting investment of upstream development outside of Russia."Reporting by Yuka Obayashi; Editing by Muralikumar Anantharaman and Bradley PerrettSign up to our investor newsletter to get the latest news and trends in global financial markets.
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