TOKYO -- Japan will outline steps for a green transition in carbon-intensive industries as early as fiscal 2022, aiming to encourage greater investment in measures designed to reduce emissions in stages.
Most investment in decarbonization so far has focused on renewable energy, electric vehicles and other fields aimed at eliminating emissions altogether. But with Russia's invasion of Ukraine roiling global energy markets, there is a growing interest in a smooth, gradual decarbonization process that would minimize economic disruptions.
