The Japanese government plans to introduce carbon pricing for carbon dioxide emission cuts in stages in order to limit initial costs businesses must bear. At a meeting of a panel on green transformation, or GX, the government confirmed the policy of keeping prices low at first and raising them gradually later under the envisioned carbon pricing system. The government says that Japan needs to make more than JPY150trn in public and private investments over the coming 10 years to realize decarbonization.

Source: nippon.com