New loans, called "transition loans," are spreading among major banks to help companies move to decarbonization, such as reducing greenhouse gases.

Transition loans are loans that support companies that emit a lot of greenhouse gases, such as energy conservation and emission reduction efforts.



Sumitomo Mitsui Banking Corporation will provide a loan of 18 billion yen for a major chemical manufacturer to install a power generation facility using LNG = liquefied natural gas in the factory.



By switching from conventional equipment that uses coal and petroleum-derived fuels to equipment that uses LNG, greenhouse gas emissions are expected to be reduced by approximately 890,000 tons annually.



Fumihiko Ito, Managing Executive Officer of Sumitomo Mitsui Banking Corporation, said, "It is said that the necessary funds for carbon neutrality will be 32 trillion dollars by 2030. I would like to support our efforts from a financial perspective. "



Regarding transition loans, Mizuho Bank and Sumitomo Mitsui Trust Bank have provided a loan of approximately 5.9 billion yen when a major shipping company introduces a carrier that uses LNG.



From a financial perspective, the movement to support the shift to decarbonization of companies is beginning to spread, especially among major banks.