220215 東京ロンドン金融セミナー（英語）/ Tokyo London financial seminar 2022（En）

Transcript

1. Toward the Digitalization of Finance Tokyo London Financial Seminar 2022 MIYASAKA Manabu Vice Governor of Tokyo February 15, 2022
2. 1. Prologue
3. Two major crises confront humankind 2 Threat of infectious disease Climate crisis Image: National Institute of Allergy and Infectious Disease Image: Earth Literacy Program We must overcome these two major crises, forge a bright future, and pass on an abundant planet to generations to come.
4. Growing global trend toward “decarbonization” 3 Country/ Region Greenhouse gases (CO₂, etc.) reduction target % of global CO₂ emissions (2018) Mid-term target Long-term target USA -26 to -28% in 2025 (compared to 2005) → -50 to -52% in FY2030 (compared to 2005) Achieve carbon neutrality by 2050 14.7% EU -55% in 2030 (compared to 1990) 9.4% UK -68% in 2030 (compared to 1990) → -78% in 2035 (compared to 1990) Japan -26% in 2030 (compared to 2013) → -46% in FY2030 (compared to 2013) 3.2% Canada -30% in 2030 (compared to 2005) → -40 to -45% in 2030 (compared to 2005) 1.7% China ・CO₂ emissions per GDP in 2030 -65％ or more (compared to 2005) ・Have CO₂ emissions peak out by 2030 Achieve carbon neutrality by 2060 28.4% Note: Green indicates goals that were raised and items added after the Leader’s Summit on Climate held on April 22-23, 2021 (Source: JETRO)
5. Greenhouse gas emissions（compared to 2000） 50％ reduction（2030） Use of renewable electricity about 50％ （2030） (Ｃ40 Steering Committee, December 2020) ”Climate Emergency Declaration: TIME TO ACT” ”Climate Action” Kick Off Meeting Tokyo’s international leadership in the fight against climate change New environmental goal (halving carbon emissions) announced at the Davos Agenda New environmental goal (halving carbon emissions) announced at the Davos Agenda Declaring and rolling out a movement to accelerate action to overcome the climate emergency Declaring and rolling out a movement to accelerate action to overcome the climate emergency (February 17, 2021) 4
6. New passenger car sales in Tokyo New passenger car sales in Tokyo Zero Emission Tokyo Strategy Greenhouse gas emissions (compared to year 2000) Greenhouse gas emissions (compared to year 2000) Tokyo’s energy consumption (compared to year 2000) Tokyo’s energy consumption (compared to year 2000) Use of electricity generated from renewable energy sources Use of electricity generated from renewable energy sources 5 50% reduction 50% reduction approx. 50% 100% non-gasoline “Carbon half style,” an ambitious goal for 2030 to achieve net zero carbon emissions by 2050 Accelerating the shift to zero-emission vehicles New motorcycle sales in Tokyo New motorcycle sales in Tokyo 100% non-gasoline （by 2030） （by 2035）
7. 6 Responsibilities of cities in the 21st century Overcome the climate crisis Achieve comfortable living Key words are GREEN and DIGITAL
8. 7 Tokyo’s future strategy Launch proactive initiatives in "Green Finance" and "Digital” fields
9. ２. “Global Financial City: Tokyo” Vision 2.0
10. Focus on the accumulation of financial players (companies/human resources) in Tokyo 「国際金融都市・東京」構想 改訂のポイント “Global Financial City: Tokyo” Vision（Formulated in November 2017) After the revision: “Global Financial City: Tokyo” Vision 2.0 Green Digital Promotion Ramp up promotion Realize Sustainable Recovery to Become a Global Financial City Leading the World Player Digitalization of finance through the use of FinTech, etc. 2 Accumulation of asset managers and other diverse financial players 3 Establishment of a robust financial market that helps solve social issues Promotion of the Tokyo Green Finance Initiative (TGFI) 1 “Global Financial City: Tokyo” Vision 2.0 9 In light of the drastic changes in the international financial environment, the content has been updated with “Green” and Digital” as new keywords.
11. Set KPIs and verify degree of achievement while deepening initiatives 10 Number of fintech companies in Tokyo 21.6%(2014) ⇒ 80% 21.6%(2014) ⇒ 80% JPY 108 trillion(2019) JPY 108 trillion(2019) Main KPIs（2030） 94(2020) ⇒ 200 94(2020) ⇒ 200 Percentage of cashless payments in Tokyo Boosting effect on Tokyo GDP Source: Crunchbase https://www.crunchbase.com/search/organization.companies/9d1160ba180ddadf48 7c869dd737edb5 Source: 2014 Census of Commerce, METI Source: Tokyo Metropolitan Accounts, Tokyo Metropolitan Government ⇒Boost by JPY 10 trillion
12. Initiatives for Financial Digitalization 11 Promotion of digitalization of funds intermediaries Promotion of cashless payments 01 ✓ Create business opportunities by promoting interaction with domestic companies, etc. Attraction, establishment, and growth support for FinTech companies 02 ✓ Promote the creation of new services through funds invested in by the Tokyo Metropolitan Government, etc. Promotion of digitalization of funds intermediaries 03 ✓ Implement measures to raise the percentage of cashless payments in Tokyo, etc. Promotion of cashless payments
13. 12 Global Financial City: Tokyo
14. 3. Epilogue