Political opposition stalls US momentum in green investing, while Japan takes the lead with GX bonds and a long-term financing strategy.Japan emerges as a leader in climate transition finance, issuing Green Transformation (GX) bonds and supporting industries in hard-to-abate sectors.The US faces ESG backlash with legal challenges, political resistance, and restrictions on the use of ESG criteria in state-managed investments.Japan's ESG approach focuses on science-based targets and creating value for future generations, aligning with the European Union's ESG framework.