Tokyo: Japan is set to boost financial assistance to developing nations to help formulate a new global framework to tackle climate change, the media reported.
Prime Minister Shinzo Abe made the announcement on Thursday at a meeting on anti-global warming here, ahead of the UN climate conference in Paris next week. Abe said Japan attaches importance to the involvement of all countries in the envisioned framework. He said Japan will prompt developing countries to sign up by increasing financial aid, public broadcaster NHK reported.
The move means Japan’s annual provision from both the public and private sectors will rise to 1.3 trillion yen (around $10.6 billion) in 2020. Japan has offered one trillion yen each for the last two years. The government said it is willing to make contributions in such fields as railway construction and infrastructure building to mitigate damage from natural disasters.