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.
At international forums such as G20, there is growing recognition of the importance of phased and strategic approaches toward decarbonization, depending on economic and industrial structures. Frameworks and principles for transition finance are being discussed on a global basis. In Japan, the government has formulated basic guidelines and sector-specific roadmaps. There has also been progress in initiatives in the private sector.