Date: 16th December 2009
Japanese pledge outbids the EU's funding for short-term climate aid in developing countries.Japan pledges a total of 15 billion US dollars for climate aid for developing countries up to 2012, Japan's delegation announced at the UN climate conference late Wednesday. Of the 15 billion dollars, 11 billion dollars will be public money, according to a press release from the delegation.
The Japanese pledge is more generous than EU’s promise to fund 7.2 billion euro (9.39 billion dollars) for the same purposes over the next three years.
The Japanese funding is given on the condition that a successful political accord is achieved at the climate conference in Copenhagen.
“Upon the establishment of a new framework, Japan will with this assistance support a broad range of developing countries which are taking measures of mitigation, as well as those which are vulnerable to the negative impacts of climate change,” the press release states.