Japanese Government Adds Green Tailwinds with Potential Fund
The Japanese government could build a fund as large as two trillion yen in an effort to promote investments in environmentally friendly areas, especially with regards to renewable energy.
The fund’s size could be between one and two trillion yen ($19.3 billion), according to a «Reuters» report citing three unnamed officials, and could be released as part of the government’s third stimulus package.
The fund will include specific targets including technical development in battery target and the reduction of carbon emissions.
The move falls in line with Tokyo’s broader aims under Prime Minister Yoshihide Suga to make green investments a pillar of his policy agenda. The country aims to cut net carbon emissions to zero by 2050 and other possible initiatives include the ban of new petrol engine cars by the mid-2030s.
