Press Release

JCLP urges Prime Minister Kishida to accelerate
the expansion of renewable energy and introduce
carbon pricing to overcome climate crisis
Tokyo, Japan, April 6, 2022 – Japan Climate Leaders’ Partnerships (JCLP), a coalition of 206 companies
committed to climate action, held a dialogue with the Prime Minister Kishida and submitted the“Statement: Overcoming the Climate Crisis through the New Capitalism”.
The New Capitalism is the Prime Minister Kishida’s vision to achieve a capitalism that will create avirtuous cycle of economic growth and distribution. The development of its ‘Grand Design’, a blueprint
for achieving the vision, is currently underway.
JCLP, in the statement, warns that climate change is nothing less than a ‘crisis’ that could trigger various
catastrophes if left unaddressed. The Prime Minister has mentioned on various occasions that climate
crisis is the biggest challenge that needs to be addressed through realization of the New Capitalism.
To this end, the coalition urged that the Grand Design should be drawn up in line with the 1.5°C target
and include the following points:
1. Expansion of renewable energy holds the key to balancing economic growth and a fairer
distribution of wealth. JCLP calls for a new energy system based on the ‘Renewables-firstprinciple’. In particular,-Upgrading the power grid system
Expanding the off-shore wind power industry at a faster pace
Improving access to farmlands

2. The New Capitalism should incorporate a carbon pricing mechanism that will enable the market
to account for and reduce negative externalities. More specifically,-A carbon tax and/or emissions trading scheme, which provide major emitters with anappropriate emissions reduction incentive, while preventing excessive burdens on SMEs andlow-income households-Measures to inform the public well about its purposes and effects-

Directing the revenues to the development of infrastructure and installation of technologies
that will help substantial emissions reduction by 2030, and to human capital development
programs to ensure a just transition

Prime Minister Kishida gave the coalition his strong words of encouragement, saying, "The statement
is duly received and I hope that JCLP will continue to cooperate with the government in public
engagement and other areas of action.”
Download the full statement here.

1The participants of the dialogue (left to right)
 Soichi Hosoi, Executive Vice President, Fuyo General Lease Co., Ltd.
 Kahori Miyake, Director, ESG Planning and Promotion Department, Sumitomo Mitsui Trust Bank, Limited
 Yoshinori Yamashita, President and CEO, Ricoh Company, Ltd.
 Fumio Kishida, the Prime Minister of Japan Masanori Imai, Chairperson and Representative Director, Toda Corporation
 Masato Iwasaki, Representative Director and Member of the Takeda Board, Japan General Affairs,Takeda Pharmaceutical Company Limited＊＊＊

Note to editors:
About Japan Climate Leaders’ Partnership (JCLP):
JCLP is a coalition of businesses in Japan (206 companies as of April 2022) that aim to create a carbon neutral
society, built on the idea that decarbonization is essential to economic development. The group’s total sales
are 121 trillion JPY (970 billion USD) and electricity demand together amounts to approx. 60 TWh.
It was set up in 2009 to encourage the business sector to develop a sound sense of urgency on climate
action. Since April 2017, JCLP has been the Climate Group’s Regional Delivery Partner on RE100, EP100 andEV100 initiatives in Japan.
For further information and inquiries:
Tel: 046-855-3814 Email : info-jclp@iges.or.jp
URL: http://www.japan-clp.jp/2