Japan's Ambassador to Australia has warned of the risks of dependence on China as he flags greater investment by Japanese companies in Australian resources.
Japan's Ambassador to Australia has warned of the risks in placing "too many eggs in one basket" with China as he flagged greater investment by Japanese companies in Australian resources such as critical minerals and gas.Japan's Ambassador to Australia is visiting WA and says they are here for "long-term commitment"
"I think this is great testament to the importance of not putting all the eggs in one particular basket. Much like Japan had bankrolled Australia's iron ore and LNG industries in the 20th century, he said there was every expectation the same would happen with hydrogen.the most advanced project between the two countries involved converting coal into hydrogen in Victoria — a so-called brown hydrogen projectMany of these, he said, would produce fewer or even no emissions by using gas or renewable energy as the feedstock, potentially holding a key to both countries' emissions targets.
"We are not like Russia. We are not like China … we are not running a planned economy," Mr Yamagami said.
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