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GCN in Copenhagen: Japan set to pledge $10 billion in climate funds

15 December 2009

Japan is due to commit $10 billion by 2012 as part of a fast-start finance package aimed at helping poor countries manage the adverse impacts of global warming, a leading Tokyo daily reports today.

The offer, which will be presented by Prime Minister Yukio Hatoyama on Friday in Copenhagen, outstrips a previous proposal by the Japanese government of 9.2 billion dollars over three years.

Japan - the world's fifth largest contributor of greenhouse gases emissions - continues to be at the vanguard of developed country opposition to a renewed Kyoto Protocol that does not incorporate other big emitters. On Friday, the government announced that a previous pledge to cut emissions by 25% by 2020 compared to 1990 levels was now conditional on China and the United States adopting similar targets.

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