SEOUL (ICIS)–Japan’s government aims to marshal $1 trillion in public and private investment over the next decade to fuel economic growth and meet its climate commitments, the chairman of the Japan Petrochemical Industry Association (JPCA) said on Friday.
To catalyze this massive investment, the Japanese government has launched issuance of climate transition bonds totaling more than $100 billion, Keiichi Iwata told delegates at the Asia Petrochemical Industry Conference (APIC) in Seoul, South Korea.
These bonds are designed to finance projects that contribute to reducing carbon emissions and facilitating the transition to a low-carbon economy, he said.
Additionally, a Green Innovation Fund exceeding $10 billion has been established to support the development of groundbreaking green technologies in Japan, according to Iwata.
Published by: www.icis.com
Nurluqman Suratman
31-May-2024
