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Katsunobu Kato, the top spokesman for the Japanese government, said recently that Japan will consider increasing financial incentives for environmental, social and governance (ESG) investments
.
Japan will support the reduction of greenhouse gas emissions to zero by 2050 and become a carbon-neutral society
.
Katsunobu Kato said the Growth Strategy Committee discussed a range of topics at its recent meeting, including expanding support
for environmentally friendly investments, including carbon-neutral investments, through subsidies or changes to the tax system.
In response to a reporter's question after the meeting, Japan's Minister of Economy revealed that "in view of the expansion of global ESG investment, measures to combat global warming are no longer a cost for companies, but a source of
their competitiveness.
" ”
He added: "We will mobilize all policy steps, such as regulatory reform, dedicate corporate funds to green investments, and consider fiscal and tax measures to support their ESG and carbon neutral investments
.
" ”
Other items discussed included energy innovation, green and hydrogen, and the promotion of nuclear energy alongside the introduction of
renewable energy, according to the minutes.
But the government's goal of carbon neutrality has drawn the attention of some critics and opposition parties, and despite the Fukushima disaster triggered by the 2011 earthquake and tsunami, resource-poor Japan may still favor nuclear power
.
It is reported that the government hopes to develop a plan by the end of the year to achieve the goal
of becoming a carbon-neutral society.
Katsunobu Kato, the top spokesman for the Japanese government, said recently that Japan will consider increasing financial incentives for environmental, social and governance (ESG) investments
.
Japan will support the reduction of greenhouse gas emissions to zero by 2050 and become a carbon-neutral society
.
Katsunobu Kato said the Growth Strategy Committee discussed a range of topics at its recent meeting, including expanding support
for environmentally friendly investments, including carbon-neutral investments, through subsidies or changes to the tax system.
In response to a reporter's question after the meeting, Japan's Minister of Economy revealed that "in view of the expansion of global ESG investment, measures to combat global warming are no longer a cost for companies, but a source of
their competitiveness.
" ”
He added: "We will mobilize all policy steps, such as regulatory reform, dedicate corporate funds to green investments, and consider fiscal and tax measures to support their ESG and carbon neutral investments
.
" ”
Other items discussed included energy innovation, green and hydrogen, and the promotion of nuclear energy alongside the introduction of
renewable energy, according to the minutes.
But the government's goal of carbon neutrality has drawn the attention of some critics and opposition parties, and despite the Fukushima disaster triggered by the 2011 earthquake and tsunami, resource-poor Japan may still favor nuclear power
.
It is reported that the government hopes to develop a plan by the end of the year to achieve the goal
of becoming a carbon-neutral society.
