Law on promoting security through the implementation of integrated economic policies
The law is designed to strengthen economic security by integrating various economic measures: 1) ensuring a stable supply of important materials, (2) ensuring a stable provision of core infrastructure services, (3) supporting the development of advanced important technologies, and (4) keeping patent applications confidential. Designates ship components as critical materials. Encourages domestic production to reduce reliance on foreign suppliers.
2022
Act
Act on Strengthening Maritime Industries
This act aims to strengthen competitiveness in the shipbuilding and shipping industries, promote work style reform for seafarers, and improve productivity in domestic shipping. Aimed to build 18 million gross tonnes of ships in 2025.
2021
Strategy/Industrial policy
Realisation of transformation in the shipbuilding and marine equipment
(1) 2030 Shipbuilding Industry goals ;
(2) 2030 Maritime Industry goals ;
(3) Roadmap for transformation of the shipbuilding industry.
2024
Act
Act on Promoting a Smooth Transition to a Carbon-Free Growth Economic Structure
The GX Promotion Act (2023) aims to facilitate a transition toward a green economy, with a specific focus on decarbonising industries like shipping. The law supports the development and deployment of low-carbon technologies, including zero-emission ships. Establishes a framework for achieving carbon neutrality by 2050. Supports decarbonisation efforts across the maritime sector through regulatory measures.
GX Transition Strategy, provides financial incentives for the adoption of green technologies like ammonia, hydrogen, and LNG fuels for shipping.
2023
Roadmap/Decarbonisation
Roadmap to Zero Emission from International Shipping/ Shipping Zero GHG Emission Project
launched the "International Shipping GHG Zero Emissions" project, a collaboration between Japan's industry, academia, and government. This project will comprehensively examine the technological development issues necessary to further enhance Japan's competitive advantage, international standards and incentive systems that consider the impact on the market, while identifying future global trends in the fields of energy conservation and decarbonisation, and will compile a division of roles and work plans for stakeholders to strategically promote these issues.
2020
Support/Decarbonisation
GX Economic Transition Bonds
The government will issue GX transitional economic bonds. In addition, these investment promotion measures will be implemented in conjunction with regulatory and institutional measures so that they will effectively lead to the creation of new markets and demand. Previous support using this measure includes promotion of construction of zero-emission ships.
2022
Support/Decarbonisation
Zero-Emission Accelerating Ship Finance
ClassNK will assess ships based on a comprehensive scoring model that has been jointly developed with DBJ based on ‘decarbonisation, environmentally friendly performance and innovativeness’. DBJ will provide investment and financing for the ships that are in line with the guidelines.
2022
Support/Decarbonisation
Green Innovation Fund
This grant is provided to shipbuilding and ship machinery companies which carry out research and development of innovative technologies contributing to the goal of realising zero-emission ships by 2050.
2021
Project/Decarbonisation
Development of Next-Generation Ships
Develop hydrogen-fuelled ships and ammonia-fuelled ships (development of engines, fuel tanks, and fuel supply systems) and conduct on-board demonstrations to fully popularise zero-emission ships by 2050.
