GCBC Logo

2024 GFANZ Japan Chapter Statement

2024 GFANZ Japan Chapter Statement

Year Published

2024

Contributing Organizations

Glasgow Financial Alliance for Net Zero (GFANZ)

Type of Resource

Other
Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Climate Strategy & Capabilities

Target Audience

Governments & Policymakers
All
Financial Services Providers

Relevant Geography

Asia & the Pacific
Global
2024 GFANZ Japan Chapter Statement

Resource Description

This resource outlines the 2024 Statement of the GFANZ Japan Chapter, supported by seventeen Japanese financial institutions. It reaffirms net-zero commitments and calls for scaling transition finance, particularly for high-emitting sectors with credible transition plans.

Why This Matters

With around 80% of Japan’s emissions from high-emitting sectors, aligning finance to credible transition strategies is critical. The statement reflects Japan’s role in advancing orderly, inclusive net-zero transitions domestically and regionally.

Key Insights

  • Emphasizes financing high-emitting sectors to enable decarbonization, rather than divestment
  • Supports four GFANZ transition finance strategies, including managed phaseout of high-emitting assets
  • Encourages development and disclosure of credible transition plans, using the GFANZ framework
  • Highlights Japan’s contributions to transition finance in emerging markets, including JETPs and managed phaseout
  • Calls for government collaboration to establish sectoral transition roadmaps and enabling policies

Was this resource helpful?

We'd love to hear from you! You can share your feedback or suggest a resource below.

Related Resources