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One of Japan’s biggest industrial carbon emitting sectors is selling more bonds to fund green projects as utilities aim to increase renewable energy sources to meet the nation’s climate goals.

Hokkaido Electric Power Co. and Hokuriku Electric Power Co. are scheduled to sell their first green bonds in coming weeks, joining a gradually increasing list of Japanese utilities selling such debt. The sector’s green note offerings have more than doubled to the equivalent of $694 million this year, Bloomberg-compiled data show.

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