The US agree to cooperate on geothermal energy: Japan and the United States have recently agreed to deepen their cooperation on geothermal energy development. The agreement was reached during a meeting between Japanese Prime Minister Yoshihide Suga and US President Joe Biden in Washington, D.C. on April 16, 2023. The two countries have recognized the potential of geothermal energy. As a clean and renewable energy source that can contribute to reducing greenhouse gas emissions and mitigating climate change.
Why Geothermal Energy? (US agrees to cooperate on geothermal energy)
Geothermal energy is a form of renewable energy that harnesses the heat generated by the Earth’s core to produce electricity. Unlike solar and wind power, which rely on weather conditions, geothermal energy can provide a consistent.And reliable source of energy throughout the year. It has a much lower carbon footprint compared to fossil fuels.Making it a clean energy option for reducing greenhouse gas emissions.
Japan and US Agreement
During the meeting, Prime Minister Suga and President Biden agreed to strengthen their cooperation on geothermal energy development. They recognized the potential of geothermal energy to contribute to the transition to a low-carbon economy and agreed to share their knowledge and expertise in the field.
The two countries also agreed to promote investment in geothermal energy projects and to work together to overcome the technical and financial barriers that currently limit the development of this energy source. They plan to collaborate on research and development, as well as on the deployment of new technologies and best practices in geothermal energy.
Japan’s Experience in Geothermal Energy
Japan has a long history of using geothermal energy for electricity generation. The country currently has the third largest geothermal power capacity in the world, after the United States and Indonesia. Japan’s experience in developing geothermal energy has led to the creation of advanced technologies and best practices in drilling, exploration, and power generation.
The Japanese government has also been actively promoting the development of geothermal energy. As part of its efforts to reduce greenhouse gas emissions and promote renewable energy. In 2020, the government announced a goal of increasing the country’s geothermal power capacity to 2.5 gigawatts by 2030, up from the current capacity of around 0.5 gigawatts.
US Potential in Geothermal Energy(US agrees to cooperate on geothermal energy)
The United States has significant potential for geothermal energy development, with an estimated capacity of 30 gigawatts. However, only a small fraction of this capacity has been tapped so far. The development of geothermal energy in the US has been hindered by a lack of investment. And the high cost of drilling and exploration.
The Biden administration has made a commitment to promoting clean energy. And reducing greenhouse gas emissions, with a goal of achieving net-zero emissions by 2050. The development is seen as an important part of this effort. The administration has proposed several measures to support the development of geothermal energy.
Including tax credits and funding for research and development.
Conclusion
The agreement between Japan and the United States to deepen their cooperation on geothermal energy. Development is an important step toward the promotion of this clean and renewable energy source. The two countries have recognized the potential of geothermal energy. To contribute to the transition to a low-carbon economy,US agree to cooperate on geothermal energy.
And have agreed to share their knowledge.And expertise in the field. With Japan’s experience in geothermal energy and the US’s significant potential.
This cooperation has the potential to accelerate the development of this energy source.
