Green Innovation Fund

1. Outline　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

Toward the goal of achieving carbon neutrality by 2050, METI has established a Green Innovation Fund at the level of 2 trillion yen under the FY2020 Tertiary Supplementary Budget and decided to assign the New Energy and Industrial Technology Development Organization (NEDO) to its operation. In this fund, the government is providing continuous support to companies and other organizations which are committed to taking on the challenge of ambitious targets for 2030 shared by the public and private sectors, from R&D through to demonstration to social implementation over the next 10 years. These target areas where policy effects are significant, and long-term continuous support is required to realize public implementation, from among the priority fields for which implementation plans have been formulated within the Green Growth Strategy, which is a set of industrial policies to create a “virtuous cycle of the economy and the environment.”

2. The Basic Policies for the Green Innovation Fund　　　　　　　　

Main Matters　

• Support Targets　

  METI’s support will focus on priority fields for which implementation plans have been formulated within the Green Growth Strategy, where policy effects are significant, and long-term continuous support is required to realize public implementation.

  • Should be the average size of a conventional R&D project (20 billion yen) or more
  • Projects for which short-term government support programs are sufficient are not eligible
  • The main implementers should be companies or other profit-making businesses capable of carrying out the entire process of public implementation (participation of SMEs and venture companies is encouraged; participation of universities and research institutions is also anticipated).
  • The project must include innovative and fundamental R&D elements that are worthy of being commissioned by the government

• Strategy for Maximizing Results

  To ensure that research and development results are steadily implemented publicly, METI seeks the commitment of the managers of companies and other organizations to strive for these goals as long-term business issues.

  Efforts required of company managers

  • Submission of the vision and the long-term business strategy at the time of application
  • The management attends and reports to the WG
  • Submission of a management sheet showing the status of initiatives

  Implementation of a system to enhance commitment

  • If the status of the project is inadequate, the project will be canceled, and a portion of the consignment fee will be returned.
  • Introduction of a system (an incentive measure) that allows the government to pay more depending on the degree of achievement of targets.

• Basic Policies for the Green Innovation Fund (Summary)(PDF:304KB)

3. List of projects organized by the Green Innovation Fund　　　　　　

In order to ensure proper and efficient execution of the fund, the Green Innovation Project Committee has formulated the Fund Allocation Policy. Based on this policy, field-specific working groups established under the Committee deliberate on issues such as the priority, contents and appropriateness of the amount to be implemented by the fund for each project. Then, the divisions and offices in charge of the projects at the responsible ministries and agencies formulate the content and amount of each project as an “R&D and Social Implementation Plan,” and start calls for applicants.
・Fund Allocation Policy (Revision on 18 March, 2022)

• 1. Cost Reductions for Offshore Wind Power Generation

  • Project Summary（PDF：140KB）

• 2. Next-Generation Solar Cell Development

  • Project Summary（PDF：94KB）

• 3. Large-scale Hydrogen Supply Chain Establishment

  • Project Summary（PDF：228KB）

• 4. Hydrogen Production through Water Electrolysis Using Power from Renewables

  • Project Summary（PDF：102KB）

• 5. Hydrogen Use in Steelmaking Processes

  • Project Summary（PDF：67KB）

• 6. Fuel Ammonia Supply Chain Establishment

  • Project Summary（PDF：153KB）

• 7. Development of Technology for Producing Raw Materials for Plastics Using CO2 and Other Sources

  • Project Summary（PDF：135KB）

• 8. Development of Fuel Production Technology using CO2 and Other Sources

  • Project Summary（PDF：118KB）

• 9. Development of Technology for Producing Concrete and Cement Using CO2

  • Project Summary（PDF：164KB）

• 10. Development of Technology to Separate/Capture CO2

  • Project Summary（PDF：159KB）

• 11. Development of CO2 Reduction Technology for Waste Treatment（In Discussion）

• 12. Development of Next-generation Batteries/Next-generation Motors

  • Project Summary
    *English version will be posted in due course.

• 13. Development of In-vehicle Computing and Simulation Technology for Energy Saving such as Electric Vehicles

  • Project Summary
    *English version will be posted in due course.

• 14. Establishment of a Smart Mobility Society

  • Project Summary
    *English version will be posted in due course.

• 15. Establishment of Next-generation Digital Infrastructure

  • Project Summary（PDF：167KB）

• 16. Development of Next-generation Aircraft

  • Project Summary（PDF：698KB）

• 17. Development of Next-generation Ships

  • Project Summary
    *English version will be posted in due course.

• 18. Development of CO2 Reduction and Absorption Technology for Food/Agriculture, Forestry, and Fisheries Industries

  • Project Summary（PDF：312KB）

• 19. Promotion of Carbon Recycling Using CO2 from Biomanufacturing Technology as a Direct Raw Material

  • Project Summary（PDF：146KB）

Link to related information　　

• Green Growth Strategy
• New Energy and Industrial Technology Development Organization (NEDO)

Division in Charge

Carbon Neutral Action Plan Promotion Office, Environmental Policy Division, Industrial Science and Technology Policy and Environment Bureau