Japan Pledges ¥1.5 bil. to Loss and Damage Fund at COP28 Climate Summit
14:26 JST, December 1, 2023
DUBAI — Japan has pledged $10 million (about ¥1.5 billion) toward a loss and damage fund to help developing countries cope with global warming at a U.N. climate conference in Dubai.
The 28th session of the Conference of the Parties (COP28) to the U.N. Framework Convention on Climate Change started Thursday.
At last year’s COP27, participating countries agreed to create a fund to aid developing countries vulnerable to climate-related natural disasters such as droughts and floods.
Management of the fund featured on Thursday’s agenda, and the United Arab Emirates and Germany each pledged $100 million (about ¥15 billion) to start.
A representative of the Japanese government said the country hopes the fund will be launched as soon as possible, and pledged $10 million.
The United Kingdom and United States also announced they would pay into the fund.
Meanwhile, the World Meteorological Organization said that this year’s global average temperature was set to be the warmest in 174-years of recorded scientific observations.
At the COP28 summit, which runs through Dec. 12, representatives from 198 countries and regions will discuss measures to combat global warming. Prime Minister Fumio Kishida will attend a meeting with world leaders on Friday and Saturday.
"Politics" POPULAR ARTICLE
-
Japan PM Ishiba Says Corporate, Group Donations ‘Not Inappropriate’; Interpellations Start at Lower House
-
Japan’s LDP Proposes Third-Party Panel to Monitor Use of Political Funds; Draft Does Not Mention Banning Corporate Donations
-
Japan to Support Its Companies Expanding into Africa; Creating Initiative to Act as Bridge with Local Start-ups
-
Tourists’ Consumption Tax Exemption To Take New Form; Refunds When Departing To Replace Waivers When Buying
-
Japan, Italy, U.K. Launch Body To Manage Next-Generation Jet Project; U.K.-Headquartered Body Has Japanese Chief Executive
JN ACCESS RANKING
- Japan’s Kansai Economic Delegation Meets China Vice Premier, Confirm Cooperation; China Called to Expand Domestic Demand
- Yomiuri Stock Index to Launch in March; 333 Companies to be Equally Weighted
- China to Test Mine for Rare Metals Off Japan Island; Japan Lagging in Technologies Needed for Extraction
- Miho Nakayama, Japanese Actress and Singer, Found Dead at Her Tokyo Residence; She was 54 (UPDATE 1)
- Risk of Nuclear Weapons Being Used Greater Than Ever; Support Growing in Russia As Ukraine War Continues