aims to achieve carbon neutrality in 2050, with a goal of becoming a “hydrogen society.” But its hydrogen industry is still in its initial stages, and still mostly reliant on hydrogen produced using fossil fuels.
“We know it will take more time for these to be deployed on a widespread basis, but you have to begin somewhere,” he said.and other G7 ministers reiterated their countries’ determination to support free and open navigation and expressed strong opposition to any attempts to change the “peacefully established status of territories by force” - a reference to concerns over China’s growing military presence and its longstanding claim to the separately governed island of Taiwan.
Disruptions to China-based manufacturing and trade during the pandemic, as well as the risk of conflict have prompted moves to diversify supply chains and reduce reliance on Chinese production of strategically important goods and commodities. “We recognize that there will be a lot of geopolitical challenges affecting both trade and security in this region. This is party of why we have such an emphasis on de-risking and diversifying the economic relationships with regard to China,”
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