More than anything, it will be important to share a sense of values within Japanese society, which should include acceptance of the need to improve the economic metabolism and support for people taking on new challenges. “Hollowing out of domestic industries”?
A higher price for CO2, so that it reflects the costs of carbon emissions, is the cheapest and most effective approach. Climate change is a shared and global challenge. Consequently, stronger international cooperation is important. But it is also important that we all learn more about how climate change can affect the economy and the financial sector.