In its industrial sector, firms have been working to visualize carbon emissions in the supply chain by using Internet of Things (IoT) technology. Other efforts they have been making include investment in equipment with high energy efficiency and revisions to their production processes to reduce carbon emissions.
Financial institutions have been supporting such efforts through financing and have been enhancing their functions of consultation services and solution proposals so as to help client firms achieve decarbonization. Meanwhile, local governments have been developing frameworks to strengthen collaboration between industry and financial institutions.