AIRLINK 74.90 Increased By ▲ 0.61 (0.82%)
BOP 4.95 No Change ▼ 0.00 (0%)
CNERGY 4.37 No Change ▼ 0.00 (0%)
DFML 39.05 Increased By ▲ 0.25 (0.64%)
DGKC 85.80 Increased By ▲ 0.98 (1.16%)
FCCL 21.25 Increased By ▲ 0.04 (0.19%)
FFBL 34.00 Decreased By ▼ -0.12 (-0.35%)
FFL 9.70 No Change ▼ 0.00 (0%)
GGL 10.48 Increased By ▲ 0.06 (0.58%)
HBL 113.50 Increased By ▲ 0.50 (0.44%)
HUBC 137.00 Increased By ▲ 0.80 (0.59%)
HUMNL 11.92 Increased By ▲ 0.02 (0.17%)
KEL 4.80 Increased By ▲ 0.09 (1.91%)
KOSM 4.47 Increased By ▲ 0.03 (0.68%)
MLCF 37.85 Increased By ▲ 0.20 (0.53%)
OGDC 138.40 Increased By ▲ 2.20 (1.62%)
PAEL 25.30 Increased By ▲ 0.20 (0.8%)
PIAA 20.41 Increased By ▲ 1.17 (6.08%)
PIBTL 6.64 Decreased By ▼ -0.07 (-1.04%)
PPL 122.55 Increased By ▲ 0.45 (0.37%)
PRL 26.80 Increased By ▲ 0.15 (0.56%)
PTC 13.92 Decreased By ▼ -0.01 (-0.07%)
SEARL 58.05 Increased By ▲ 0.83 (1.45%)
SNGP 67.16 Decreased By ▼ -0.44 (-0.65%)
SSGC 10.31 Increased By ▲ 0.06 (0.59%)
TELE 8.37 Decreased By ▼ -0.03 (-0.36%)
TPLP 11.14 Increased By ▲ 0.01 (0.09%)
TRG 63.21 Increased By ▲ 0.40 (0.64%)
UNITY 26.57 Increased By ▲ 0.07 (0.26%)
WTL 1.48 Increased By ▲ 0.13 (9.63%)
BR100 7,834 Increased By 24 (0.31%)
BR30 25,325 Increased By 175 (0.7%)
KSE100 75,104 Increased By 147.7 (0.2%)
KSE30 24,134 Increased By 50.5 (0.21%)

imageTOKYO: 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.

Copyright AFP (Agence France-Presse), 2014

Comments

Comments are closed.