Asia’s shift toward sustainability carries profound global significance. As the source of about two-thirds of global growth in 2023, the region’s heavy dependence on coal has made it a major contributor to harmful greenhouse gas emissions. Addressing this issue is crucial for achieving global climate goals.
Paramount to making progress on the continent’s net-zero targets is addressing Asia’s climate finance shortfall -- estimated at around US$800 billion. Within the Asian climate investment context, Japan stands out as a rare beacon of progress and potential. Investing in Japan’s renewable energy sector not only supports the country’s energy transition but also presents a prime opportunity for global long-term capital and access to regional economies.
In this context, the US$474 million investment by CDPQ, a global investment group, in collaboration with Japan’s Shizen Energy, represents a pivotal development. This investment aims to accelerate the energy transition in Japan and key international markets and marks CDPQ’s inaugural direct infrastructure investment in Japan.
Organisations involved: CDPQ, Shizen Energy
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