Japanese Prime Minister Fumio Kishida on Thursday laid out a plan to issue an estimated 20 trillion yen ($157 billion) worth of 'green transition' bonds to help finance investment to achieve a carbon-neutral society.
Japanese Prime Minister Fumio Kishida announces a joint statement with European Commission President Ursula von der Leyen and European Council President Charles Michel at the prime minister's official residence, in Tokyo, Japan May 12, 2022.
"The energy security environment surrounding Japan has changed dramatically with Russia's invasion of Ukraine," Kishida said in a meeting with experts to discuss Japan's clean energy strategy, calling for the need to shift to a carbon-neutral society from one dependent on fossil fuel.In the meeting, Kishida said Japan would need at least 150 trillion yen in combined private- and public-investment in the next decade to achieve a carbon-neutral society.
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