TOKYO - Japan’s burgeoning green bond market will keep growing next year as Prime Minister Yoshihide Suga’s pledge to make the country carbon-neutral by 2050 boosts investor and issuer appetite, said Mana Nakazora, a member of a key government policy panel and chief credit analyst at BNP Paribas Japan.
Japan saw its market for green bonds - used to finance clean energy and environment projects - expand to 824 billion yen last year, 24 times its size five years ago, environment ministry data showed. Globally the market has boomed with about $250 billion sold last year - 3.5% of the world’s total bond issuance.
“More investors want to put their money in ESG assets, while an increasing number of companies feel they need to issue green bonds,” said Nakazora, who also oversees ESG investment in Japan. But she warned that Japan’s government must set a clearer timetable on how to achieve its carbon-neutral target for companies to make a smooth transition towards a greener society.
Japan is just amazing. The ingenuity and genius in this society just blows my mind! We should all be modelled like that country.
Japan should first deal with its own dumping of nuclear waste water to pollute the sea.
this is terrible news
Not my life tonlaughbwith not my endagred species bitnfor all and abobe all not my recovery