The Government of Japan allocates funds for climate and energy in its annual budget. Since FY2023, Japan has also conducted investments to promote what is referred to as the Green Transformation (GX).
In the interest of clarifying the overall picture of the government’s climate and energy budgets, this report analyzes the size of those budgets in FY2024 and FY2025 as well as allocations, by ministry and by budget category. It then summarizes and discusses the status of achievement for budget plans and category-by-category allocations for GX investments.
Contents
Key takeaways
01 Climate and energy budgets in FY2024 and FY2025
1-1 Overview
1) Budget years analyzed
2) Total climate and energy budget
1-2 Share by ministry
1-3 Budgets for METI and MOE
1-4 Share by category
02 GX budget
2-1 Scale and status of GX budgets over 10 years
2-2 GX public and private investment plan for 10 years vs current tally
2-3 Issuance of GX Economy Transition Bonds
2-4 Use of proceeds of Climate Transition Bonds
1) Overview
2) Ammonia and hydrogen projects
3) Information transparency
03 Conclusions
Column 1. Relationship between supplementary budget and initial budget
Column 2. GX Acceleration Agency (GXAA)