{"id":186,"date":"2024-10-07T23:38:51","date_gmt":"2024-10-07T14:38:51","guid":{"rendered":"https:\/\/startuphokkaido.com\/en\/?p=186"},"modified":"2024-10-14T09:47:36","modified_gmt":"2024-10-14T00:47:36","slug":"leading-sustainable-finance-in-japan-hokkaido-accumulating-over-200-billion-euro-for-renewable-energy-companies","status":"publish","type":"post","link":"https:\/\/startuphokkaido.com\/en\/blog\/186\/","title":{"rendered":"Leading Sustainable Finance in Japan &#8211; Hokkaido accumulating over 200 billion Euro for renewable energy companies"},"content":{"rendered":"<div class=\"gb qo qp qq qr\">\n<div class=\"ab cn\">\n<div class=\"hc bh hd he hf hg\">\n<figure class=\"vg vh vi vj vk vl vd ve paragraph-image\">\n<div class=\"vm vn dq vo bh vp\" role=\"button\">\n<div class=\"vd ve ano\">\n<div style=\"width: 710px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"bh uk vq c\" role=\"presentation\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:1400\/0*BTjwfrxA1Agxn94g.jpg\" alt=\"\" width=\"700\" height=\"390\" \/><p class=\"wp-caption-text\">Hokkaido Shimbun Press, \u201c\u8131\u70ad\u7d20\u793e\u4f1a\u3078\u4e16\u754c\u306b\u8ca2\u732e \u300c\u5317\u6d77\u9053\u30fb\u672d\u5e4c\u5ba3\u8a00\u300d\u3092\u767a\u8868 \uff27\uff17\u74b0\u5883\u76f8\u4f1a\u5408\u201d April 16th, 2023<\/p><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<p id=\"1a9f\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">When Sapporo hosted \u201c<a class=\"af xd\" href=\"https:\/\/www.env.go.jp\/en\/earth\/g7\/2023_sapporo_emm\/index.html\" target=\"_blank\" rel=\"noopener ugc nofollow\">the G7 Ministers\u2019 Meeting on Climate, Energy and Environment<\/a>\u201d in April 2023, the Hokkaido-Sapporo Declaration was launched in order to become Japan\u2019s green power house to lead carbon-free society.<\/p>\n<p id=\"b7df\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">The declaration states that Hokkaido<\/p>\n<ol class=\"\">\n<li id=\"7d4f\" class=\"vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo xe xf xg bk\" data-selectable-paragraph=\"\">introduces renewal energy as much as possible and attracts the production &amp; research bases<\/li>\n<li id=\"fa58\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xe xf xg bk\" data-selectable-paragraph=\"\">installs Submarine Direct Current (DC) transmission line between Hokkaido and Honshu, the mainland Japan<\/li>\n<li id=\"e5a0\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xe xf xg bk\" data-selectable-paragraph=\"\">supplies renewal energy generated from offshore wind power<\/li>\n<\/ol>\n<figure class=\"xo xp xq xr xs vl vd ve paragraph-image\">\n<div class=\"vm vn dq vo bh vp\" role=\"button\">\n<div class=\"vd ve anp\"><img loading=\"lazy\" decoding=\"async\" class=\"bh uk vq c\" role=\"presentation\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:1400\/0*fn5og8BSSdl6e3OV.png\" alt=\"\" width=\"700\" height=\"329\" \/><\/div>\n<\/div><figcaption class=\"aip fa aiq vd ve air ais bf b bg z ds\" data-selectable-paragraph=\"\"><a class=\"af xd\" href=\"https:\/\/hokkaido-owpg.jp\/\" target=\"_blank\" rel=\"noopener ugc nofollow\">https:\/\/hokkaido-owpg.jp\/<\/a><\/figcaption><\/figure>\n<p id=\"4785\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">In order to accelerate the utilization of renewal energy, Hokkaido is<\/p>\n<ul class=\"\">\n<li id=\"8173\" class=\"vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">promoting the launch of semiconductor factories, such as Rapidus Corp. and data centers<\/li>\n<li id=\"1b5d\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">attracting green finance from all over the world<\/li>\n<\/ul>\n<h1 id=\"54e4\" class=\"wp wq qt bf wr me ws mf mh mi wt mj ml ja wu jb je mo wv mp ms mt ww mu mx wx bk\" data-selectable-paragraph=\"\">Over 200 billion Euro of Green Finance in Hokkaido<\/h1>\n<p id=\"69b2\" class=\"pw-post-body-paragraph vr vs qt vt b vu wy vw vx vy wz wa wb wc xa we wf wg xb wi wj wk xc wm wn wo gb bk\" data-selectable-paragraph=\"\">Another breaking news from Hokkaido is the launch of a consortium named \u201c<a class=\"af xd\" href=\"https:\/\/www.city.sapporo.jp\/kikaku\/gx\/index.html\" target=\"_blank\" rel=\"noopener ugc nofollow\">Team Sapporo-Hokkaido<\/a>\u201d co-established by corporates, academia, public sectors and financial institutions :<\/p>\n<h2 id=\"330a\" class=\"aix wq qt bf wr aiy aiz dv mh aja ajb dx ml wc ajc ago agr wg ajd ags agv wk aje agw agz ajf bk\" data-selectable-paragraph=\"\">Academia &amp; Corporate members<\/h2>\n<ul class=\"\">\n<li id=\"5e1d\" class=\"vr vs qt vt b vu wy vw vx vy wz wa wb wc xa we wf wg xb wi wj wk xc wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Hokkaido University\uff08\u5317\u6d77\u9053\u5927\u5b66\uff09<\/li>\n<li id=\"c200\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Hokkaido Economic Federation\uff08\u5317\u6d77\u9053\u7d4c\u6e08\u9023\u5408\u4f1a\uff09<\/li>\n<li id=\"259b\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">The Federation of Hokkaido Chamber of Commerce and Industry\uff08\u5317\u6d77\u9053\u5546\u5de5\u4f1a\u8b70\u6240\u9023\u5408\u4f1a\uff09<\/li>\n<li id=\"8525\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Hokkaido Electric Power Company\uff08\u5317\u6d77\u9053\u96fb\u529b\uff09<\/li>\n<li id=\"c7e6\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">HOKKAIDO GAS CO., LTD.\uff08\u5317\u6d77\u9053\u30ac\u30b9\uff09<\/li>\n<li id=\"ec58\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Sapporo Stock Exchange\uff08\u672d\u5e4c\u8a3c\u5238\u53d6\u5f15\u6240\uff09<\/li>\n<\/ul>\n<h2 id=\"093b\" class=\"aix wq qt bf wr aiy aiz dv mh aja ajb dx ml wc ajc ago agr wg ajd ags agv wk aje agw agz ajf bk\" data-selectable-paragraph=\"\">Public sectors<\/h2>\n<ul class=\"\">\n<li id=\"7f61\" class=\"vr vs qt vt b vu wy vw vx vy wz wa wb wc xa we wf wg xb wi wj wk xc wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">City of Sapporo\uff08\u672d\u5e4c\u5e02\uff09<\/li>\n<li id=\"a5c3\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Hokkaido Government\uff08\u5317\u6d77\u9053\uff09<\/li>\n<li id=\"b24f\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Financial Services Agency\uff08\u91d1\u878d\u5e81\uff09<\/li>\n<li id=\"5a1f\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Ministry of Economy, Trade and Industry\uff08\u7d4c\u6e08\u7523\u696d\u7701\uff09<\/li>\n<li id=\"d5f7\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Ministry of the Environment\uff08\u74b0\u5883\u7701\uff09<\/li>\n<li id=\"f5f9\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Hokkaido Local Finance Bureau\uff08\u5317\u6d77\u9053\u8ca1\u52d9\u5c40\uff09<\/li>\n<li id=\"af9d\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">METI Hokkaido\uff08\u5317\u6d77\u9053\u7d4c\u6e08\u7523\u696d\u5c40\uff09<\/li>\n<li id=\"c18d\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Ministry of the Environment Hokkaido\uff08\u5317\u6d77\u9053\u5730\u65b9\u74b0\u5883\u4e8b\u52d9\u6240\uff09<\/li>\n<\/ul>\n<h2 id=\"747b\" class=\"aix wq qt bf wr aiy aiz dv mh aja ajb dx ml wc ajc ago agr wg ajd ags agv wk aje agw agz ajf bk\" data-selectable-paragraph=\"\">Financial institutions<\/h2>\n<ul class=\"\">\n<li id=\"4e71\" class=\"vr vs qt vt b vu wy vw vx vy wz wa wb wc xa we wf wg xb wi wj wk xc wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">North Pacific Bank\uff08\u5317\u6d0b\u9280\u884c\uff09<\/li>\n<li id=\"14cf\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Hokuhoku Financial Group, Inc.\uff08\u307b\u304f\u307b\u304f\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30b0\u30eb\u30fc\u30d7\uff09<\/li>\n<li id=\"67bf\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">MUFG Bank\uff08\u4e09\u83f1UFJ\u9280\u884c\uff09<\/li>\n<li id=\"9993\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Mizuho Bank\uff08\u307f\u305a\u307b\u9280\u884c\uff09<\/li>\n<li id=\"a870\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Sumitomo Mitsui Banking Corporation\uff08\u4e09\u4e95\u4f4f\u53cb\u9280\u884c\uff09<\/li>\n<li id=\"1ab9\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Development Bank of Japan\uff08\u65e5\u672c\u653f\u7b56\u6295\u8cc7\u9280\u884c\uff09<\/li>\n<li id=\"a3fe\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Japan Green Investment Corp. for Carbon Neutrality \/ JICN\uff08\u8131\u70ad\u7d20\u5316\u652f\u63f4\u6a5f\u69cb\uff09<\/li>\n<\/ul>\n<p id=\"6887\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">The consortium set six missions:<\/p>\n<ul class=\"\">\n<li id=\"06ca\" class=\"vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Collecting GX (Green Transformation) finance information and establishing a method to share it<\/li>\n<li id=\"95a2\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Launching funds and finances based on the growth of businesses<\/li>\n<li id=\"58dc\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Relaxation of regulations in order to accelerate green finance<\/li>\n<li id=\"ce40\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Training talents with knowledge of Green Finance<\/li>\n<li id=\"62f3\" class=\"vr vs qt vt b vu xh vw vx vy xi wa wb wc xj we wf wg xk wi wj wk xl wm wn wo xm xf xg bk\" data-selectable-paragraph=\"\">Effective marketing to attract global investment<\/li>\n<\/ul>\n<p id=\"657c\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">Through this initiative \u201c<a class=\"af xd\" href=\"https:\/\/www.city.sapporo.jp\/kikaku\/gx\/index.html\" target=\"_blank\" rel=\"noopener ugc nofollow\">Team Sapporo-Hokkaido<\/a>\u201d is planning to attract over 20 billion Euro (30\u201340 trillion JPY) within the next 10 years.<\/p>\n<figure class=\"xo xp xq xr xs vl vd ve paragraph-image\">\n<div class=\"vm vn dq vo bh vp\" role=\"button\">\n<div class=\"vd ve anq\">\n<div style=\"width: 710px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"bh uk vq c\" role=\"presentation\" src=\"https:\/\/miro.medium.com\/v2\/resize:fit:1400\/1*wj7eHv308FbwQz5s7rz1bA.jpeg\" alt=\"\" width=\"700\" height=\"525\" \/><p class=\"wp-caption-text\">Photo by\u00a0Tunafish\u00a0on\u00a0Unsplash<\/p><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<p id=\"1500\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">Hokkaido has a potential for the transition to renewal energy such as wind power and solar power with its scale of the available natural resources.<\/p>\n<p id=\"006f\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">The mayor of City of Sapporo, Mr. Akimoto mentioned<\/p>\n<blockquote class=\"ait aiu aiv\">\n<p id=\"e599\" class=\"vr vs aiw vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">\u201cThe critical part is creating an environment to attract investment from all over the world. As \u201c<a class=\"af xd\" href=\"https:\/\/www.city.sapporo.jp\/kikaku\/gx\/index.html\" target=\"_blank\" rel=\"noopener ugc nofollow\">Team Sapporo-Hokkaido<\/a>\u201d we unite together in order to be a financial center in Asia and in the world.\u201d<\/p>\n<\/blockquote>\n<p id=\"f059\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">The governor of Hokkaido, Mr. Naomichi Suzuki stated<\/p>\n<blockquote class=\"ait aiu aiv\">\n<p id=\"c4eb\" class=\"vr vs aiw vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">\u201cWe will utilize the potential of Hokkaido to lead renewal energy industry in Japan, and accelerate the innovative business development and investment toward Sapporo and Hokkaido.\u201d<\/p>\n<\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ab cn oj ajg ajh aji\" role=\"separator\"><\/div>\n<div class=\"gb qo qp qq qr\">\n<div class=\"ab cn\">\n<div class=\"hc bh hd he hf hg\">\n<p id=\"e09e\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">According to\u00a0<a class=\"af xd\" href=\"https:\/\/about.bnef.com\/\" target=\"_blank\" rel=\"noopener ugc nofollow\">Bloomberg NEF<\/a>, the total decarbonation-related investment in the world in 2022 was 1 trillion Euro (125 trillion JPY), and the amount was doubled within the past 3 years.<\/p>\n<p id=\"012a\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">The Government of Japan is also planning to accumulate 150 trillion JPY (1 trillion Euro) within the next 10 years to foster green transformation.<\/p>\n<p id=\"e6f6\" class=\"pw-post-body-paragraph vr vs qt vt b vu vv vw vx vy vz wa wb wc wd we wf wg wh wi wj wk wl wm wn wo gb bk\" data-selectable-paragraph=\"\">How can Hokkaido be the leading center to foster green transformation?<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>When Sapporo hosted \u201cthe G7 Ministers\u2019 Meeting on Climate, Energy and Environment\u201d in April 2023, the Hokkaido-Sapporo Declaration was launched in order to become Japan\u2019s green power house to lead carbon-free society. The declaration states that Hokkaido introduces renewal energy as much as possible and attracts the production &amp; research bases installs Submarine Direct Current [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-blog.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,4],"tags":[],"class_list":["post-186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/posts\/186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/comments?post=186"}],"version-history":[{"count":1,"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/posts\/186\/revisions"}],"predecessor-version":[{"id":188,"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/posts\/186\/revisions\/188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/media\/187"}],"wp:attachment":[{"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/media?parent=186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/categories?post=186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startuphokkaido.com\/en\/wp-json\/wp\/v2\/tags?post=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}