On 10 June 2013 the Japanese Ministry of Environment issued a press release announcing the newly established Japanese Green Fund. The press release states that the fund will invest in businesses that are engaged in tackling global warming and decreasing carbon emissions.
The Green Fund will be run by the Green Finance Organisation. Japan is just one of the countries to follow the example of the UK Green Investment Bank. Australia has already set up a similar institution and China and the US are considering doing so.