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Japan’s Ruling Party Proposes Major Green Investment

Japan’s ruling party will petition the government to promote environmental investment that includes a decade-long spending program for the country.
Japan’s Ruling Party Proposes Major Green Investment

Japan’s ruling party will petition the government to promote environmental investment that includes a decade-long spending program for the country.

The Liberal Democratic Party (LDP) said that the government should create a fund sized by global standards that would support companies that invest in green technology.

According to , the country’s Prime Minister Yoshihide Suga has made a green society a key policy property. Suga has said that Japan’s goal is to reach net-zero carbon emissions by 2050 and that LDP’s recommendations will become a base for Japan’s green investment program.

The draft also called on the government to provide “strong support� for airlines hit by the pandemic, with measures such as slashing airport fees and fuel tax. And it urged the extension of a subsidy for travel that has provoked concerns over a resurgence of coronavirus infections.

To fight the infection in the following months, Japan will extend a subsidy scheme that compensates businesses for retaining jobs while temporarily closing some of them until February next year.

The LDP executives have called for an extra budget with around 20-30 trillion yen ($192-$288 billion) for funding part of the stimulus package.