• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»The Benefits of Japan’s Climate Transition Bond 
Finance

The Benefits of Japan’s Climate Transition Bond 

February 15, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The Benefits of Japan’s Climate Transition Bond 
Share
Facebook Twitter LinkedIn Pinterest Email

This week, Japan issued the first-ever sovereign climate transition bond. The proceeds will catalyze public-private investments of 120 trillion yen ($803 billion) to implement the Green Transformation (GX), Japan’s landmark policy for reaching carbon neutrality.

Clean energy advocates have rightly criticized the GX for promoting technologies like coal ammonia co-firing and carbon capture and storage, which are still largely unproven at a commercial scale and ineffective at curbing carbon pollution.

But the Climate Transition Bond mostly avoids these technologies. Instead, the government plans to use bond proceeds on technologies that will steer Japan’s government and industry on the right track in terms of climate and export competitiveness.

Compared to the post-industrial West, Japan prides itself on exporting manufactured goods like motor vehicles, machinery, and electronic equipment. This means that cutting emissions from the industrial sector is paramount.

A large chunk of the Climate Transition Bond’s proceeds will be spent on precisely this. According to Nikkei, 254 billion yen will go toward the research and development of hydrogen-powered blast furnaces for steel-making, and 32.5 billion yen toward reducing emissions from industrial furnaces.

The transition bond will also aid the development of next-generation renewables like perovskite solar cells and floating offshore wind. Installing solar and wind farms is increasingly contentious in Japanese prefectures, as residents worry about the ecological impact of these projects’ land use. Flexible perovskite cells, on the other hand, hold the potential to be used on surfaces like bridges and building facades, avoiding the need to devote large areas of land to solar farms. Floating offshore wind is by far the biggest opportunity to scale up clean energy in Japan, whose exclusive economic zone is 10 times the area of its land mass. To complement these renewables, the government is also committing to support battery manufacturing and supply chains.

See also  The Lancet Blames Climate Change for Spread of Malaria

Technologies for energy efficiency are also among the government’s top investment priorities. As the use of artificial intelligence grows globally, data processing and storage eat up tremendous amounts of electricity. As the International Energy Agency has warned, increasing energy efficiency will be critical as data center workloads and internet traffic expand. Japan’s Climate Transition Bond addresses this concern by allocating a large portion of the proceeds to developing next-generation semiconductors that would radically reduce power consumption in data centers.

Contributing toward Japan’s emission reduction goals isn’t the only thing these technologies will do. Japanese firms also have a real opportunity to lead the world in developing and exporting them. So far, Japan has sorely lagged behind other countries in manufacturing some key clean energy technologies, but this hasn’t stopped its policymakers from looking for sectors in which to become the top exporters. Yes, China, the United States, and Europe all produce perovskite solar cells, and next-generation chips. But the pecking orders for these goods aren’t yet established, unlike for conventional solar and EVs. Japan has a shot at becoming a powerhouse in those emerging technologies, and the Climate Transition Bond can help.

Benefits bond Climate Japans Transition
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Top 10 Benefits Of Acupuncture

May 8, 2025

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Toyota, partners to start selling electric micro-vans by March 2024

May 18, 2023

Pastor issues brief but powerful statement after his 9-year-old daughter is identified as one of the 6 killed in Nashville school shooting

March 31, 2023

Romanian Migrants Injured in Human Smuggling Car Crash After Crossing Canadian Border into Washington

September 23, 2023

Good News! Artificial Intelligence Can Resurrect Classic Movie Stars

August 21, 2023
Don't Miss

Short and Funny Sayings for a Happy Summer with Friends

Lifestyle May 9, 2025

I love the beach. Just looking at the calming sea to relax. Having fun in…

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,627)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Legal experts identify the significance of what is missing from Jack Smith’s newest indictment against Donald Trump

August 2, 2023

Stock Market Closes With Huge Losses As Recession Fears Grip US

August 5, 2024

Apple loses London appeal in 4G patent dispute with Optis

July 5, 2023
Popular Posts

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.