{"id":8955,"date":"2024-09-12T10:19:37","date_gmt":"2024-09-12T01:19:37","guid":{"rendered":"https:\/\/aiesg-test.den-web.com\/?post_type=report&p=8955"},"modified":"2024-12-19T21:29:43","modified_gmt":"2024-12-19T12:29:43","slug":"240913_japan-gx","status":"publish","type":"report","link":"https:\/\/aiesg.co.jp\/en\/topics\/report\/240913_japan-gx\/","title":{"rendered":"Commentary] Overview of Japan's GX Strategy: Toward Accelerating Green Transformation"},"content":{"rendered":"

Held on August 27, 2024.12th GX (Green Transformation) Executive Meeting<\/a>were mainly discussing the future of the energy situation in Japan. In addition, starting on September 3, the Cabinet Office will be given the task of establishing theCarbon Pricing Specialized Working Group for GX Realization<\/a>has been opened and discussions on GX-ETS (emissions trading) have begun in earnest. The Japanese economy is currently undergoing a major transformation toward decarbonization.

In February 2023, the Ministry of Economy, Trade and Industry (\"METI\") announced that it would establish a \"Basic Policy for GX Realization<\/a>\uff5eIn July of the same year, the \"Strategy to Promote the Transition to a Decarbonized Growth-Oriented Economic Structure\" (GX Promotion Strategy<\/a>). The reason for establishing this policy and strategy is to respond to the transformation of the global energy situation. METI has positioned the \"Green Transformation (GX)\" as a major shift in industrial and energy policy in the postwar period, shifting the fossil energy-centered industrial and social structure to a clean energy-centered one. In addition to the energy security perspective, GX also includes the achievement of international commitments to reduce greenhouse gas emissions by 461 TP3T in FY2030 and to be carbon neutral by 2050 (Ministry of the Environment<\/a>).

Japan will actively cooperate with a wide variety of government, administrative, business, financial, and academic institutions to shift to the \"decarbonized growth-oriented economic structure\" described above (prime minister's official residence<\/a>).

This paper describes an overview of GX strategies in Japan and summarizes issues that corporate sustainability officers should be aware of.

Table of Contents<\/strong>
GX Promotion Strategy and Budget<\/a>
2. current efforts related to the GX Promotion Strategy<\/a>
\u30002.1 Overview of Transition Bonds
\u30002.1.2. GX League Overview
\u30002.2 Development of ESG Information Disclosure
\u30002.3. decarbonization strategy of the Ministry of Agriculture, Forestry and Fisheries
What are the responses that Japanese companies can consider from now on?<\/a>
Conclusion<\/a>
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