Both the public and private sectors are undertaking a number of initiatives to achieve decarbonization and green transformation (GX) with the aim of addressing climate change issues.
Decarbonization efforts encompass a broad spectrum, including energy transition through the expansion of renewable energy and the use of nuclear power, hydrogen and other decarbonized fuels. These efforts also target the decarbonization of industrial heat demand and manufacturing processes, electrification and gas conversion in the steel and chemical industries, and other “hard-to-abate” fields. They involve CO2 separation, recovery and use (CCS and CCUS), the widespread adoption of EVs, FCVs, PHVs and HVs in transportation, and initiatives to influence consumer behavior. Consequently, these activities give rise to numerous institutional and legal challenges.
The Japanese government actively promotes GX to simultaneously achieve decarbonization, ensure a stable energy supply, and foster economic growth. Its initiatives include examining the full-scale introduction of an emissions trading system, issuing GX economic transition bonds, supporting the development and social implementation of innovative technologies through the Green Innovation Fund, developing investment promotion measures in relevant fields, establishing the GX Acceleration Agency to provide financial support for GX initiatives, promoting the use of new financial methods (such as transition finance), clarifying approaches to the Antimonopoly Act in relation to corporate decarbonization efforts, and engaging in international cooperation through initiatives like the Asia Zero Emission Community (AZEC).
Decarbonization and GX initiatives bring about numerous institutional and legal challenges. Our firm possesses substantial expertise in a wide range of related fields, including energy, the environment, finance, M&A and venture capital. We have the knowledge and experience necessary to address these issues effectively.
Our firm has consistently delivered services that harness creativity and practical problem-solving to resolve complex and often novel cases. We remain committed to offering precise counsel and solutions in the fields of decarbonization and GX, where groundbreaking initiatives are actively pursued and companies frequently face cutting-edge policy challenges.
Wielding substantial expertise, Mori Hamada harnesses our combined strengths and creativity to provide our clients with robust support in all aspects of their decarbonization and GX efforts.
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