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Climate Change

Japan plans $155bn decarbonization fund for grid, factory investments

Carbon tax and utility charges to be considered as funding sources

Smart grids that can send excess power to regions facing a shortage are crucial to Japan's decarbonization efforts. (Photo by Konosuke Urata)

TOKYO -- The Japanese government plans to create a 20 trillion yen ($155 billion) fund to promote investment in new power grid technology, energy-saving homes and other technology meant to shrink the country's carbon footprint, Nikkei has learned.

Prime Minister Fumio Kishida has called for an environmentally focused "green transformation" of Japanese society as a way to jumpstart economic growth. 

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