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Climate Change

Japan development bank launches $500m fund to grow wind sector

Novel framework lowers hurdles for newcomers to build more farms

Green Power Investment began operating a wind farm in the northern Japanese city of Tsugaru in April 2020. Wind power is seen playing a key role in Japan's goal of becoming carbon-neutral by 2050.

TOKYO -- The government-backed Development Bank of Japan has launched a roughly 53 billion yen ($509 million) fund to help drive the expansion of Japan's wind power industry.

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