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“Japan Ruling Party Calls For Major Green Investment In Draft Plan”

“TOKYO – Japan’s ruling party will call on the government to promote environmental investment with a major decade-long spending programme for the country, whose Prime Minister Yoshihide Suga has made a green society a key policy priority.

The Liberal Democratic Party (LDP) said in the draft proposal, which was seen by Reuters early on Friday, that the government should create a fund with a size “comparable to global standards” that supports companies investing in green technology, without suggesting a specific figure.

Suga has said that Japan will aim for net-zero carbon emissions by 2050 and the LDP’s recommendations will serve as a basis for the government’s deliberations on a fresh stimulus package, which Suga has ordered his cabinet to develop.”

Daniel Leussink and Tetsushi Kajimoto report for Reuters November 26, 2020.