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"Concept Paper on Climate Transition Finance Principles"

Study Group on Environmental Innovation Finance

March 31, 2020

The Ministry of Economy, Trade and Industry (METI) held the 2nd round of the Study Group on Environmental Innovation Finance (chaired by Dr. Ito Kunio, Professor, Ph.D., Graduate School of Business Administration, Hitotsubashi University) on Monday, March 30. The Study Group has made a proposal of Japan entitled the "Concept Paper on Climate Transition Finance Principles." METI continues to promote financing for transition actions toward achieving the Paris Agreement goals.

1. Outline

In order to reduce greenhouse gas emissions worldwide, in addition to promoting financing for an already de/low-carbonized activity, for instance in the area of renewable energies, it is important to promote financing for transition actions towards the de/low-carbonization of GHG emitting industries and sectors as well, as a part of climate finance contributing to the mitigation of climate change.

As there have been active discussions on transition finance internationally, including at the International Capital Market Association (ICMA), the Study Group on Environmental Innovation Finance has made a proposal of Japan as follows.

2. Related links

Division in Charge

Environmental Economy Office, Industrial Science and Technology Policy and Environment Bureau