Japan’s Green Growth Strategy

Green Growth Strategy is an action plan aimed at achieving Prime Minister Yoshihide Suga’s pledge to eliminate carbon emission on a net basis by 2050. This strategy seeks to replace the sales of gasoline-powered vehicles with electric vehicles, including hybrid and fuel-cell vehicles by mid 2030s. It also identifies 14 industries like offshore wind and fuel ammonia, hydrogen and auto industries etc., to achieve the goal. Tax incentives and other financial supports will be provided under this strategy.