It is a new move in the financial industry toward the realization of a carbon-free society.
Bank of Tokyo-Mitsubishi UFJ has found that it will establish a 100 billion yen fund with the aim of popularizing electricity generated without emitting carbon dioxide, such as renewable energy.
Bank of Tokyo-Mitsubishi UFJ will soon establish a new fund to support the spread of renewable energy and the practical application of hydrogen energy that does not emit carbon dioxide even when burned.
Initially, the scale of the fund is expected to be about 100 billion yen, and in fields that will lead to next-generation decarbonization technology, such as systems that store and use electricity generated by renewable energy in addition to hydrogen power generation in houses and electric vehicles. While investing, we are aiming for a trillion yen scale in the future.
We also want to partner with electricity retailers to use renewable energy to cover all the electricity procured by banks by 2030 using the technology of the investees, and to supply electricity to companies working on decarbonization. ..
Funds involved in the procurement of electricity by companies are unusual, and Akihiro Kato, director of the Sustainable Business Office of Bank of Tokyo-Mitsubishi UFJ, said, "As the world aims to decarbonize, the flow of financial institutions investing in this field will accelerate further. I would like to firmly grasp the aspect of opportunity and supply funds. "