Japan to increase aid for new climate framework

Image
IANS Tokyo
Last Updated : Nov 26 2015 | 11:42 AM IST

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.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 26 2015 | 11:28 AM IST

Next Story