To support further expansion of the Green Bond market through the issuance of Green Bonds,
the Ministry of the Environment is undertaking Pilot Project for Green Bond Issuance
and Financial Support Programme for Green Bond Issuance.
Green Bond Issuance Support Projects
Paris Agreement was adopted at COP21 in 2015, as a globally common target to maintain any increase in the global average temperature to well below 2°C from the pre-industrial levels and to pursue efforts to limit the rise to 1.5°C. With this in mind, it is Japan’s aim to reduce greenhouse gas emissions by 80% by 2050 under the Plan for Global Warming Countermeasures.
In addition, in 2015, the “Sustainable Development Objectives” (SDGs), including the targets for conservation of ocean and terrestrial ecosystems, were set.
To achieve these goals, huge investment is necessary for efforts such as green projects that contribute to countermeasures for global warming and the prevention of natural capital deterioration. Expectation is rising for the role of funds from private sector.
Against this backdrop, in recent years, the issuance of and investment in Green Bonds have been expanding.
In Japan, examples of Green Bond issuance are gradually beginning to emerge; however, further expansion and development of the Green Bond market is desired. For this reason, the Ministry of the Environment will support the issuance of Green Bonds until when Green Bond market is developed as a self-sufficient market.