The Act aims to promote measures to combat global warming and thereby contribute to ensuring the healthy and cultural lifestyles of the present and future generations of the nation and to the welfare of humankind.
The basic principle of the Act is to achieve decarbonization goals, consistent with the Paris Agreement, by 2050 by collaboration of citizens, national government, municipalities business entities., etc.
The national government must establish a Global Warming Countermeasures Plan which includes basic matters concerning measures to be taken by the national government, municipalities, business entities, and citizens to reduce greenhouse gas emissions. Municipalities are required to establish a Municipality Action Plan consistent with the Global Warming Countermeasures Plan.
While the Act expects most entities to use products in a manner that reduces greenhouse gas emissions as much as possible, those who are specified by the Cabinet Order as emitting a considerable amount must report matters regarding calculated greenhouse gas emissions.
The Japan Green Investment Corp. for Carbon Neutrality ("JICN") is established under the Act to support business activities that reduce greenhouse gas emissions. The national government must constantly hold at least half of the stocks issued by JICN.