Authors
Hanako Mizuguchi
Japan has made a bold pledge that the country will reduce greenhouse gas emissions by 25% from the 1990 level over the medium-term. Due to budgetary constraints however the first such measures are likely to involve a cap-and-trade system of emissions trading. Daiwa considers it will be some time before firms shift investment away from energy-saving technologies back to boosting capacity and therefore the proposed emissions trading scheme and other global warming initiatives should provide “a tailwind to investment” in clean technologies over the near term. The focus is on firms installing energy-savings technologies or providing advice on reducing consumption.