Model Examples Selected for the 2021 Climate Transition Finance Model Projects

1. Outline of the project

In order to achieve a carbon-neutral, decarbonized society by 2050, it will be important to promote financing for projects such as renewable energy that are already at the level of decarbonization. Additionally, it will also be important to promote financing for transition efforts to move industries that emit large quantities of greenhouse gases toward decarbonization. As part of these policies, METI worked together with the Ministry of the Environment (MOE) and the Financial Services Agency (FSA) to formulate the "Basic Guidelines on Climate Transition Finance" (hereinafter referred to as the "Basic Guidelines"). They were completed on May 7, 2021. The guidelines organize the basic concepts for labeling as transition bonds/loans.

In order to promote the spread of transition finance, this project provides information on and reduces the assessment costs for examples that conform to the Basic Guidelines and are deemed to have model qualities. The project will continue to accept applications for model examples until January 2022.

2. The results of the examination

After rigorous examination by the examination committee, a transition bond that NYK Line plans to issue was selected as a model example.

Notes:

This project does not assess any of the risks regarding transition finance as a financial product (bond). It is important to note that just like with normal financing, even in the case of the model examples for this project, credit and other risks exist. With respect to this project's model examples, anyone who procures, acquires, sells, or possesses this kind of funding must do so at their own responsibility. METI will assume no responsibility for any damage, losses, or costs incurred in association with them.

Related materials

• List of members (Model Quality Examination Committee) (in Japanese) (PDF:91KB)
• Reference material (Transition Finance Overview) (in Japanese) (PDF:2,283KB)
• Reference material (Overview of the Model Project) (in Japanese)(PDF:1,120KB)

Related links

• "Basic Guidelines on Climate Transition Finance" Announced

Division in Charge

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