Japan pledges $10 billion to aid Asia’s path to zero carbon emissions

• 2 years ago (2021-11-03)
• David Flin

Asia 848 Emissions 57

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Fumio Kishida, Japan’s Prime Minister, has announced at the COP26 conference in Glasgow, Scotland, to provide $10 billion over five years to help Asia reach zero carbon emissions. He said: “Japan will press onward to undertake efforts toward net zero emissions in Asia, the engine of global economic growth.”

The aid, which is in addition to the $60 billion in climate finance Japan committed in June, is intended to bring closer the promise by developed countries to mobilise $100 billion per year in climate finance.

Kishida also reaffirmed Japan’s goal of achieving carbon neutrality by 2050 and reduce greenhouse gas emissions by 46 per cent by fiscal 2030 compared with fiscal 2013 levels.