Energy / Climate Change

April 6, 2011

 

DBJ Becomes a Designated Financial Institution under Low Carbon Investment Promotion Act

Keywords: Climate Change Non-manufacturing industry Policy / Systems 

The Development Bank of Japan (DBJ) earned the status of designated financial institution under Japan's Low Carbon Investment Promotion Act on December 9, 2010. After instituting the necessary procedures, DBJ will start providing financing to businesses that develop and manufacture complying energy and environmental products.

DBJ has already developed loans with preferential interest rates using its unique credit rating system, called DBJ's Environment Rating, which consists of 120 criteria, the world's first such system. It is a technical method of rating eco-friendly management and reflects this in its loan conditions. One major example is Daikin Industries Ltd., which introduced energy saving products with good performance, and in 2007 was able to reduce 70% of its greenhouse gas (GHG) emissions from 2001.

This loan system is intended to financially support environmentally conscious products that contribute to reduction of GHG emissions, and is expected to serve the aim of promoting environment-related industries in Japan.

Posted: 2011/04/06 06:00:15 AM

Japanese  

Reference

The Development Bank of Japan (DBJ) official website
http://www.dbj.jp/en/


 

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