November 27, 2015

Japan pledges $10.6 bln for climate policies in developing nations

Japanese Prime Minister Shinzo Abe on Thursday pledged to give $10.6 bln more to developing nations in 2020 to help them implement policies against global warming, ahead of the U.N. climate talks in Paris next week.

The decision to offer 1.3-trillion yen ($10.6 billion) came after Japan gave a roughly combined 2.0 trillion yen for the same purpose in 2013 and 2014.

Japanese officials said the money will go toward a 2009 pledge among developed countries to commit $100 billion by 2020 to address the needs of developing nations - agreed at the COP15 climate meeting in Copenhagen.

“We attach great importance to the notion that all nations will participate in agreeing to a new international framework,” Abe said in a meeting on global warming with members of his cabinet.

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