Japan Extends Transition Bond Push Despite Fossil-Fuel Reliance

AI Summary

Japan has issued its fifth climate transition bond of the year, continuing a bond program that no other government currently uses under the same designation. The issuance comes as Japan relies more heavily on fossil fuels following the start of the war in Iran.

Japan sold its fifth climate transition bond of the year, remaining the only government to use the designation despite the country’s increasing reliance on fossil fuels since the start of the war in Iran.