Japan’s Green Push Seen Sparking $1.8 Trillion Windfall by 2050
- Industries expected to boost investments to lower emissions
- Government to promote electrification to achieve climate goal
A hydrogen storage tank at the liquefied hydrogen receiving terminal in Kobe, Japan.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Japan’s ambitious climate pledge could result in a $1.8 trillion windfall for the nation’s economy by 2050.
Prime Minister Yoshihide Suga’s target to achieve net-zero emissions by 2050 will require various industries to change their business models, and may prompt vast investments to cleanup supply chains and develop innovative technologies, a government report said Friday. The annual economic impact of these decisions could reach 90 trillion yen in 2030, and 190 trillion yen ($1.8 billion) in 2050, the report found.