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Japan needs to invest $1.2 trln in decarbonisation over 10 years- industry ministry

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TOKYO : Japan's public and private sectors will need to invest a total of 150 trillion yen ($1.2 trillion) in decarbonisation over the next 10 years to help achieve the nation's ambitious goal of becoming carbon neutral by 2050, the industry ministry said on Friday.The estimate was unveiled as part of an

TOKYO : Japan's public and private sectors will need to invest a total of 150 trillion yen in decarbonisation over the next 10 years to help achieve the nation's ambitious goal of becoming carbon neutral by 2050, the industry ministry said on Friday.

"A great competition has already begun in which first movers have an advantage in the decarbonisation area," Koichi Hagiuda, Japan's Minister of Economy, Trade and Industry, told a panel of specialists which has been discussing the strategy. In April, the ministry said a 17 trillion yen investment would be needed in decarbonisation for 2030 alone by which time Japan aims to cut its emissions by 46 per cent compared to 2013 levels.

 

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