TOKYO – Japan says it plans to provide 1.3 trillion yen ($10.6 billion) in climate financing for developing countries in 2020, including public and private funds.
Prime Minister Shinzo Abe announced the plan as he prepares for climate change talks in Paris that begin Monday.
Japan says the new plan is an increase from earlier commitments of 1 trillion yen ($8.2 billion). The increase is meant to help industrialized countries fulfill a commitment to extend $100 billion a year.
So far, commitments remain below that level.
Japan's chief negotiator in the talks, Atsuyuki Oike, said Thursday that details of the financing would be announced later.
He said funds will go to projects such as urban railways, geothermal power generation and training, and other areas where Japan has strong expertise.
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