Japanese Green Transformation bonds

Despite energy price surge and a threat to return to the fossil fuel, Japanese government held a first meeting of X (Green Transformation) Implementation Council on July 27.

Japanese Government established a 20 trillion yen ($157 billion) green bonds, and is planning to announce detailed 10- years period schedule within this year. Council is working under challenges to find the way collected funds could be connected to decarbonization and also financial resources for a bond redemption.

Kishida Fumio Prime Minister said that despite the crisis the government is facing now, this should be treated separately from the middle term Green transition plan, emphasizing on the importance to achieve decarbonization goals.
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