The Dernogalizer

December 15, 2009

Japan Unveils $10 billion in Climate Aid

Although serious financing has a long way to go, it was heartening this morning to see that Japan has offered $10 billion in climate aid, which doubles the current amount of money that was on the table in the early years.

Japan to unveil 10 billion dollars in climate aid

A pledge of funds from rich countries will be a key ingredient for any climate change deal in Copenhagen. Japan is ready to make an offer in Copenhagen.

Rie Jerichow15/12/2009 13:25

When Japanese Prime Minister Yukio Hatoyama lands in Copenhagen for the UN climate summit, he will bring along an offer of 10 billion US dollars to help developing countries fight global warming, the Tokyo Shimbun daily reports, according to Reuters.

The pledge of 10 billion dollars over three years, including steps to protect biodiversity, is more than previously announced.

According to Reuters, Environment Minister Sakihito Ozawa last week declined to say how much Japan – the world’s fifth largest emitter of greenhouse gases – would contribute, but said that the government wanted to pay more than a previously announced 9.2 billion dollars over three years.


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