Fumio Kishida, Japan’s prime minister, has promised up to $10bn in additional climate finance for developing countries during his address at COP26.
Kishida, who was re-elected as leader only two days ago, said the extra $2bn a year over five years would be on top of an existing $60bn already announced in June by his predecessor.
Japan, a member of the G7 group of developed countries, has set a goal of reaching net zero carbon by 2050 and aims to reduce greenhouse gas emissions 46 per cent by 2030.
“Japan will press forward with efforts to reach net zero emissions in Asia, the engine of global economic growth,” Kishida said in his speech at the second-day leaders’ session of the climate talks.
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