Glasgow, 3 November 2021 (TDI): The President of Japan, Fumio Kishida is in Glasgow, Scotland. He is there to attend the summit-level meeting of the 26th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP26).
Address at Climate Summit
During his address at the Climate Change Summit, he shared a proactive and ambitious plan to revert the adverse effects of Climate Change. On behalf of his country, he pledged up to $10 billion (approximately ¥1.14 trillion) in aid over the next five years for decarbonization efforts in Asia.
Japan’s Commitment to Climate Action
Fumio Kishida emphasized his country’s commitment to reducing greenhouse gas emissions. The goal is to reduce the emissions by 46% by fiscal 2030. For that, Japan strives for the 50% mark to achieve net-zero emissions by 2050. Previously, he also met with the US Climate Envoy in this regard.
Reduction of Emissions
Furthermore, Japan will provide approximately $10 billion in the next five years, specifically for the reduction of emissions in Asia. This commitment will fulfill the 2009 commitment by developed countries to provide a sum of $100 billion to developing countries; in climate-related assistance by 2020.
Aid provided by Japan
Japan has already declared its intent in that regard by providing $60 billion in public and private assistance over the years from 2021 to 2025. The latest aid announced by Japan will bring the sum to $70 billion.
Renewable Energy
The Japanese government will introduce renewable energy through official development assistance and private sector investment.
From Fossil Fuels to Hydrogen and Ammonia
President Kishida reiterated that it is imperative to switch from thermal generations to zero-emission power generations; to tackle the issue of Climate Change. Japan is working on a prominent project in Asia to switch from fossil fuels to ammonia and hydrogen.
Presently, fossil fuels are widely used to generate electricity; causing carbon emissions. Ammonia and Hydrogen, on the other hand, are environmentally friendly. The project taken up by Japan is worth $100 million.
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