Efforts by financial institutions in each country to collaborate toward the realization of a carbon-free society will begin.
Government-affiliated financial institutions in Japan, France, and Germany have decided to establish a 55 billion yen fund to invest in renewable energy in emerging countries together with major US asset management companies.
Government-affiliated financial institutions in Japan, France and Germany and BlackRock, an American asset management company, have decided to set up a fund with a target of 500 million dollars, or 55 billion yen in Japanese yen.
The main investment target is the development of electric power infrastructure in emerging countries such as Asia and Latin America, with the aim of contributing to the reduction of greenhouse gases through the spread of renewable energy.
From Japan, the Japan Bank for International Cooperation, a government-affiliated financial institution, has invested more than 3.3 billion yen, and private financial institutions such as Mitsubishi UFJ Financial Group and Daiichi Life have also decided to participate.
It will be watched whether international public-private financial support efforts will accelerate infrastructure development for the realization of decarbonization not only in developed countries but also in emerging countries.