Japan pledges $1 billion for UN climate change fund

Japan pledges $1 billion for UN climate change fund

by

People arrive to attend the Pledging Conference of the Green Climate Fund (GCF) for the First Replenishment in Paris

People arrive to attend the Pledging Conference of the Green Climate Fund (GCF) for the First Replenishment in Paris, France, October 25, 2019. REUTERS/Pascal Rossignol/File photo Acquire Licensing Rights

BRUSSELS, Oct 5 (Reuters) – Japan will put up to 165 billion yen ($1.11 billion) into the United Nation’s main fund for helping vulnerable countries cope with climate change, the country said on Thursday.

The UN’s Green Climate Fund is seeking contributions to fund projects in climate-vulnerable counties over 2024-2027, aiming to exceed the $10 billion it raised in its last three-year round.

Japan’s pledge, which matched its commitment in the 2020-2023 funding round, makes the country one of the fund’s biggest backers, after Germany, Britain and France.

($1 = 148.8900 yen)

Reporting by Kate Abnett and Riham Alkousaa; Editing by Jan Harvey

Our Standards: The Thomson Reuters Trust Principles.

Acquire Licensing Rights, opens new tab

Source link