The EU-Japan Centre for Industrial Cooperation recently hosted a seminar discussing Japan's Green Transformation (GX) Strategy and its alignment with the EU-Japan Green Alliance. The strategy, presented by Mr. Izuru Kobayashi, Deputy Director-General for Environmental Affairs, METI, focuses on achieving 150 trillion yen in public-private investments over a decade. This entails issuing GX Economy Transition Bonds, followed by carbon pricing mechanisms like GX-ETS and carbon surcharges for fossil fuels. The approach, uniquely tailored to Japan, contrasts with the U.S.'s IRA and the EU's Green Deal, showcasing diverse pathways to a common goal. The discussion highlighted the importance of balancing economic growth, energy security, and emission reduction through effective carbon pricing. Mr. Kobayashi also addressed the EU's Carbon Border Adjustment Mechanism, advocating comprehensive emission reduction measures. Mr. Bruno Gaussorgues emphasized the continuity of EU climate policies post-2024 elections, showcasing legislative proposals and environmental goals. The event underscored the significance of international cooperation in sustainable investment and climate action.