Japan’s Approach to De-Risking

This week, Mike and Jude are joined by Mr. Tatsuya Terazawa,
Chairman and CEO of the Institute of Energy Economics, Japan.
Previously he served as the Senior Advisor of the Cabinet Office of
Minister Yasutoshi Nishimura. Earlier he served at the
Ministry of Economy, Trade and Industry (METI) of Japan
where he held leading positions including the Vice-Minister for
International Affairs. He is also the Senior Specially Appointed
Professor at the Tokyo University of Science, where he teaches
international negotiations.    The conversation
begins by examining how Tokyo is approaching de-risking and
technology competition. They describe Japan’s early experiences
facing economic coercion as a driving force behind its development
of an economic security strategy. Next, they explore China’s role
in the clean energy transition, emerging policy responses to its
control of key inputs in the West, and the approaches U.S. and
allied governments need to pursue to stay competitive. They note
the importance of better coordination among stakeholders involved
in climate politics, energy policies, and economic security. After
discussing the dispute between China and Japan over the release of
wastewater from the Fukushima nuclear facility, they end by
examining the difficult balancing act of taking measures to
reduce national CO2 emission while safeguarding partner state
business interests.