A total of 2 trillion yen fund, which the government will support companies working on the development of innovative technologies for 10 years toward the realization of a carbon-free society, will be funded by evaluating the carbon dioxide reduction effect and international competitiveness. The basic policy, including allocation, has been almost finalized, and we will start open recruitment of projects from April.
At the Ministry of Economy, Trade and Industry's expert meeting held on the 4th, the basic policy was almost finalized for a total of 2 trillion yen fund that the government will support the research and development and practical application of companies related to decarbonization for 10 years.
According to this, the target of support will be projects of 20 billion yen or more mainly carried out by a single company or multiple companies in 14 important fields such as hydrogen, offshore wind power, and ammonia.
The Ministry of Economy, Trade and Industry has a policy of allocating funds by evaluating the carbon dioxide reduction effect, economic ripple effect, international competitiveness, etc. for each project, and it is mobile based on the progress of the business and the trends of competing overseas companies. Increase or decrease the scale of support.
In addition, depending on the degree of achievement of the goal, we will provide additional support as a performance reward, and if the approach is insufficient, we will point out points for improvement and request the suspension of the business or the return of part of the funds. It is said that there are times.
The Ministry of Economy, Trade and Industry will start open recruitment of projects from next month after elaborating details such as R & D goals and scale of support for each field.