Bank of Japan Gov. Haruhiko Kuroda said Monday that addressing climate change should not be taken as a "cost" as decarbonization efforts can spur innovations and create industries and jobs.
Speaking at a financial forum, Kuroda stressed the importance of the financial sector providing support to industries making efforts toward decarbonization, a goal he said is expected to take considerable time.
"In promoting decarbonization of the economy as a whole, it is important to provide stable support for structural change in sectors and industries where decarbonization will be difficult to achieve in a short period of time," Kuroda said during the online forum.