[Result] India-Japan Environmental Business Promotion Seminar - Exploring Collaboration Opportunities toward Decarbonized and Sustainable Society in India - (4th March 2025)

Opening Remarks

Mr. IINO Satoru, Director, Office of International Carbon Market, Global Environment Bureau, Ministry of the Environment, Government of Japan (MOEJ)

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Introduced the objectives and program of the seminar, stating that through this seminar, both sides will gain knowledge and learn the importance of promoting business related to decarbonization, which in turn will pave the way for the start of the JCM between Japan and India.

India's Energy and Decarbonization Policies and Potential for Collaboration

Mr. Rajani Ranjan Rashmi, Distinguished Fellow, TERI, Former Special Secretary of Ministry of Environment, Forest and Climate Change (MOEFCC), Former Chief Negotiator for Climate Negotiations

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Introduced India's emissions as a proportion of the global total, its position in terms of economic growth, its decarbonization policies and progress, and its future goals and policy outlook. Also mentioned the use of international carbon markets as a means to promote decarbonization technologies, and noted the potential for cooperation with Japan in the 14 eligible project types under Article 6 of the Paris Agreement announced by the Indian government.

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The latest trends in the JCM, the Japan Fund for the Joint Crediting Mechanism (JFJCM), JCM feasibility studies, and JCM project formation were introduced.

Recent Development of JCM

Mr. KINAME Kohei, Deputy Director, Office of International Carbon Market, Global Environmental Bureau, Ministry of the Environment, Government of Japan
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Japan Fund For The Joint Crediting Mechanism

Mr. MURAYAMA Takahiro, Climate Change Specialist, Climate Change, Resilience, and Environment Cluster, Climate Change and Sustainable Development Department, Asian Development Bank (ADB)
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Introduction of JCM Feasibility Study

Mr. NOSE Daiki, General Manager of Sustainable Development Section, Sustainability Promotion Department, PACIFIC CONSULTANTS CO., LTD.
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JCM Project Development Points for the Local Partners

Ms. FUKIZAWA Nene, Researcher, Overseas Environmental Cooperation Centre (OECC)
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The following three companies presented JCM projects on waste-to-energy and geothermal power generation in JCM partner countries, as well as a JCM feasibility study on compressed biogas technology in India.

JCM Case Study - Waste to Energy

Mr. TAKAHASHI Gen, Deputy General Manager, Sales & Marketing Department, Global Business Division, Environmental Solutions Sector JFE Engineering Corporation (JAPAN)
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JCM Case Study - Geothermal in the Philippines

Mr. Francisco Carlo L. Santos, AVP and Head of Project Development, Businss Development Group, Energy Development Corporation
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JCM Feasibility Study

Mr. IWAMOTO Osamu, Senior Vice President, Environmental Energy and Power Solution Group, Mitsubishi Corporation India Pvt. Ltd.
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Lunch

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The following seven companies presented their technologies in various areas, including Battery Storage, CCUS, and Green Hydrogen, in relation to India's green economy and potential projects that could stimulate investment in India.

Hydrogen generating device

Mr. Sambit Mohanty, Group Head, Business Development Department, Kanadevia India Private Limited, Kanadevia Corporation
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Ammonia utilization

Mr. SAKANO Takashi, General Manager, New Energy Projects, New Delhi Liaison Office, IHI Corporation
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Carbon Dioxide Recover (CDR) Technology

Mr. KIMURA Rei, Managing Director, Mitsubishi Heavy Industries India Pvt. Ltd., Mitsubishi Heavy Industries Ltd.
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PV + Battery Energy Storage System (BESS)

Mr. Vikash Sharma, Director and Mr. Subrata Battacharya, Senior Adviser, Indiahub E-Governance Private Limited (aligned with Farmland Co., Ltd (Farmdo Group))
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Energy management system

Mr. Kunal Soni, Business Manager, HORIBA India Private Ltd., HORIBA, Ltd.
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Steam management system

Mr. Ravi Mishra, TLV India Private Limited, TLV CO. LTD.
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Coke Dry Quenching (CDQ)

Mr. NAKAJIMA Hiroki, General Manager (Technical), NIPPON STEEL INDIA PRIVATE LIMITED, Nippon Steel Corporation
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Panel Discussion

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The representatives from the Indian and Japanese governments, private companies and aid organization participated in a panel discussion on Japan-India environmental cooperation.
The Indian government highlighted the long-term cooperation between the two countries in the energy sector and introduced the energy conservation guidelines for large industries and small and medium-sized enterprises that it had developed in cooperation with the Energy Conservation Center, Japan. The Japanese government expressed its hope for the continuation of Japan-India environmental technology cooperation and for the JCM to promote the compatibility of decarbonization and economic growth, and stated that cooperation between the government and the private sector is essential for the realization of a net-zero society.
The private companies expressed that building a net-zero society requires large-scale technological deployment and emphasized that their expectations for the use of Japanese technology and financial resources taking into account India's unique conditions and environment, as well as carbon credit systems, such as the JCM. In addition, Japanese development aid organizations emphasized the importance of raising awareness among all stakeholders, including the government and private companies, in order to mainstream investments in clean and energy-efficient technologies.

<Panelists>

• Mr. Milind Deore, Secretary, Bureau of Energy Efficiency (Ministry of Power, India)
• Mr. IINO Satoru, Director, Office of International Carbon Market, Global Environment Bureau, Ministry of the Environment, Government of Japan (MOEJ)
• Mr. Naveen Ahlawat, Chief Procurement Officer & Head, Green Hydrogen and Gasification, Jindal Steel and Power Limited
• Ms. Sugandha Jayaswal, Resident Executive, Tata Steel
• Dr. Rambabu Paravastu, Co-Chair, FICCI Environment & Climate Change Committee & Chief Sustainability Officer, Greenko Group
• Mr. TAKAHASHI Akito, Senior Representative, Japan International Cooperation Agency, JICA India Office

High Level Speech

• Mr. Manish Sharma, Chair FICCI Resource Efficiency and Circular Economy Industry Coalition (RECEIC), Chair FICCI Electronics Manufacturing Committee, Chairman Panasonic Life Solutions, India and South Asia

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Emphasized the importance of resource efficiency and a circular economy in creating a sustainable socio-economic system in India, and noted that the Resource Efficiency and Circular Economy Coalition, established during India's G20 presidency, is leading the promotion of these on behalf of industry. Also mentioned the importance of public-private partnerships and the formulation of time-bound action plans to promote energy security, as well as the possibility of Japan-India cooperation in areas such as value chains and supply chain management, using the example of battery storage, and welcomed the participation of Japanese small and medium-sized enterprises.

• Mr. MATSUZAWA Yutaka, Vice Minister for Global Environmental Affairs, MOEJ

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Expressed his gratitude to the participated organizations, and emphasized the importance of international cooperation, as decarbonization is difficult to achieve through the efforts of a single country alone. Also mentioned that accelerating investment through credit mechanisms is effective, and expressed the intention to promote investment from Japan to India through the JCM framework between Japan and India.

Group Photo

Business networking