Japan to spur carbon-cutting investment with tax breaks

Exclusive: Government hopes to establish fund to support green tech

20201112N offshore wind turbines

Japan plans to grant tax incentives for corporations that invest in production equipment that makes wind turbines. (Photo courtesy of Tepco)

YUKIHIRO SAKAGUCHI and TAKASHI TSUJI, Nikkei staff writers

TOKYO -- The Japanese government has begun weighing the introduction of tax incentives for investments in products and equipment that reduce carbon emissions, Nikkei has learned, as it works toward its goal of zero greenhouse gas output by midcentury.

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