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  • Writer's pictureBy The Financial District

Japan, U.S. Ink Deal On Geothermal Energy

Japan and the United States have agreed to cooperate on developing geothermal energy, one of the most plentiful resources on this volcanic island chain.


Photo Insert: The pact signed by Energy Secretary Jennifer Granholm and Japan’s Minister of Economy, Trade and Industry, Yasutoshi Nishimura, says that geothermal energy is recognized as a “renewable energy technology that the US and Japan can work together to advance.”



The memorandum of commitment was signed Saturday at the sidelines of a meeting of the Group of Seven energy and environment ministers in the northern city of Hokkaido, Elaine Kurtenbach reported for the Associated Press (AP).

Japan’s famed hot springs reflect its abundant geothermal activity, but the spas and resorts clustered around them have slowed efforts to use that resource to generate power.



The pact signed by Energy Secretary Jennifer Granholm and Japan’s Minister of Economy, Trade and Industry, Yasutoshi Nishimura, says that geothermal energy is recognized as a “renewable energy technology that the US and Japan can work together to advance.”


Adding more geothermal power could make it possible for Japan to provide 90% of its power generation from renewable sources, according to an estimate by the Lawrence Berkeley National Laboratory.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

That would amount to a 92% reduction in the country’s greenhouse gas emissions, it said in a recent study.


It calls for collaboration in research and development and exchange of information and in pursuing geothermal projects in the US, Japan, and other countries. It’s one of many areas where the two countries intend to collaborate in reducing reliance on fossil fuels and cutting carbon emissions that contribute to climate change.


Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

“The prospects of offshore wind are enormous. The prospects of geothermal. We’re very excited about partnering with Japan on these kinds of issues,” Granholm said in an interview with AP on Friday ahead of the G7 meetings.





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