International investor and business organizations encourage the Japanese government to increase ambition of its NDC

On February 4, Japan Climate Initiative (hereinafter referred to as “JCI”) issued a statement urging the Japanese government to raise Japan’s greenhouse gas emission reduction target in its NDC under the Paris Agreement before resubmitting it to the United Nations. As of today, 248 JCI signatories (159 companies, 25 municipalities, 64 other organizations) have signed on the statement.

Following the JCI’s statement, on February 17, six international investor groups, whose members have assets under management worth hundreds of trillions in yen, jointly submitted a letter to Prime Minister Shinzo Abe calling for raising ambition of the Japan’s NDC.

The investor groups have stated in the letter that the Japanese government urgently needs to raise its emission reduction target by 2030 and set a clearer path to net-zero emissions by 2050.