The revised Global Warming Countermeasures Promotion Law, which includes the establishment of a new public-private fund that invests in and lends to businesses that lead to the introduction of renewable energy and energy conservation, in order to financially support efforts toward decarbonization. However, it was unanimously approved and approved at the House of Councilors plenary session on the 25th.
The revised Global Warming Countermeasures Promotion Law includes the establishment of a new investment system to realize a "decarbonized society" in 2050 and to achieve the greenhouse gas reduction target in 2030.
Specifically, the government has set up a public-private fund called the "Decarbonization Support Organization," in which more than half of the issued shares are held by the government. We are also soliciting investment from financial institutions in Japan.
Based on this fund, we will introduce renewable energy, make efforts to use energy efficiently in the region, and invest in and lend to companies promoting plastic recycling business.
The government wants to formally establish a fund around autumn, and is planning to establish criteria for selecting projects to support for this and to investigate projects that have a need for financial support.