The Bank of Japan will continue to conduct the surveys and deepen the dialogue with the relevant authorities and market participants. C. Support for Firms' Decarbonization Efforts The third initiative is financial institutions' support for their client firms' decarbonization efforts. Large firms in particular have recently been drawing up business strategies on climate change and setting decarbonization targets, with TCFD further encouraging disclosures.
There also remains growing interest in the areas of renewable energy and electric vehicles. That said, there are a number of issues that need to be addressed if we are to accelerate decarbonization. From a financial perspective, I would like to highlight two issues: transition finance and support for SMEs.