Feature
The world’s energy markets are seeking the creation of solutions that help advance a decarbonized society and solve global warming. With an eye firmly on the future, the Mitsubishi companies are embracing the challenge of creating new mechanisms for the production and optimal control of solar power, hydropower, fuel cells and other renewable energies.
Mitsubishi UFJ Financial Group
A New Renewable Energy Fund
The Mitsubishi UFJ Financial Group (MUFG)’s core banking subsidiary MUFG Bank is to establish a fund to invest in renewable energy in Japan with the ultimate goal of obtaining 100% of its electricity requirements from clean, renewable energy sources. This is the first integrated scheme by a Japanese entity that covers the whole green energy production-to-purchase process. The company anticipates that this initiative will reduce CO2 emissions by approximately 200,000 tons, or around 100,000 households’ worth. In the future, the fund aims to contribute to solving environmental and societal issues by further growing the renewable energy market by supporting innovation, regional revitalization and local employment through investments in projects using technologies still in the demonstration stage, such as distributed power supply, the virtual power plant (VPP) and hydrogen power generation.
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