(Corrects target year for achieving zero emission in 4th
paragraph to 2050, not 2020)
* LDP calls for decade-long spending plan on green
* Govt must deploy all means available to promote green
* Draft also urges expanding, creating new loan schemes -
TOKYO, Nov 27 (Reuters) - Japan's ruling party will urge the
government to lay out a big, decade-long spending programme to
promote green investment, a draft proposal obtained by Reuters
showed on Friday, a nod to Prime Minister Yoshihide Suga's
carbon emission goals.
Suga has made a green society one of his key policy
priorities, pledging that Japan will aim for net-zero emissions
The government should create a fund with a size "comparable
to global standards" that supports companies that make high-risk
investments in green technology, the Liberal Democratic Party
(LDP) said in the draft proposal to the government.
"By deploying all policy means available, the public and
private sectors must work together to achieve zero carbon
emission in 2050," it added, calling for deregulation and tax
breaks to promote green investment.
The proposal also urged the government to take steps to
promote electric vehicles and battery development and called for
expanding or creating new state-backed loan and loan guarantee
schemes to support firms hit by the COVID-19 pandemic. The
proposal is set to be finalised later on Friday.
The LDP's recommendations will serve as a basis for the
government's deliberations on a fresh stimulus package, which
Suga has ordered his cabinet to develop.
(Reporting by Daniel Leussink, writing by Leika Kihara; Editing
by Chris Gallagher and Lincoln Feast.)