Yen loans will be extended to four Asian countries to assist their efforts to fight global warming, according to government sources.
Under its Climate Change Program Loans, the government will provide tens of billions of yen to Bangladesh, the Philippines, Thailand and Vietnam, the sources said.
The assistance will become a highlight of Japan’s policy to support developing nations’ efforts to fight climate change, as announced recently by Prime Minister Taro Aso, the sources said.
The move is also aimed at increasing support among developing nations for Tokyo’s initiative to shape the global treaty on curbing greenhouse gas emissions to replace the Kyoto Protocol in 2012, observers said.
Under the loan program, recipient countries will set specific targets for the reduction of greenhouse gas emissions by sector, including energy and industry, and Japan will provide loans to finance related projects.
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