Based on Japan’s Green Development Strategy, the Ministry of Economy, Trade and Industry (METI) launched the Green Innovation Fund Project, a JPY 2 trillion (around USD 16 billion) fund set up with the New Energy and Industrial Technology Development Organization (NEDO) to provide 10 years of continuous support to business-led decarbonisation initiatives, ranging from R&D and demonstration to social implementation, with specific goals shared between the public and private sectors. From this amount, JSE received a commitment of JPY210 billion (AUD$2.1 billion), to assist in the establishment of a liquid hydrogen supply chain.