TOKYO: Japan plans to give up to $1.5 billion to the UN-backed Green Climate Fund (GCF) to help developing countries fight global warming, a report said Friday.
Prime Minister Shinzo Abe is expected to announce the pledge at a gathering of the leaders of the Group of 20 rich nations in Brisbane, Australia, Kyodo News agency reported, citing sources close to the matter.
The cash will come on top of a reported $2.5 billion that Washington is stumping up for the GCF, a mechanism designed as a way for wealthy countries to help poorer ones to become greener and to bolster their defences against the effects of climate change.
France and Germany have pledged to contribute $1 billion each to the UN's new climate framework.
Christiana Figueres, the head of the UN Framework Convention on Climate Change (UNFCCC), has called for an initial capitalisation of $10 billion by the end of the year.
The G20 summit is the third event in an intensive week for international meetings, and comes after US President Barack Obama and China's President Xi Jinping agreed a deal that would see both countries -- major polluters -- curb their emissions.
China set a target for its greenhouse gas output to peak "around 2030," the first time Beijing agreed to an approximate target date for beginning to reverse its emissions trend.
Obama set a goal for the US to cut such emissions by 26-28 percent from 2005 levels by 2025.
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