Papua New Guinea Post Courier, 15th May 2018
BY GORETHY KENNETH in Japan
Papua New Guinea stands to benefit from the ¥1.3 trillion of public private climate finance, that Japan will provide come 2020.
1.3 times up from the current level, to developing countries.
Ishigaki in a briefing said once announced in 2020 all Pacific nations will be given specifics and it will be up to the respective Governments to tap into these project
“Japan will provide, in 2020, ¥1.3 trillion of public private climate finance, 1.3 times up from the current level, to developing countries (as a part of $100 billion pledge at cop15),” he said
“Expected areas of contribution include geothermal power generation, urban railroads, disaster prevention infrastructure, water supply, : promotion of the establishment of early warning systems , intercity collaboration, and human resources deveIOpment and other areas of Japan’s expertise,” Ishigaki said.
“Japan will formulate the “Energy & Environment Innovation Strategy” to reinforce the development of innovative technologies in energy and environment. “Japan will ‘promote transferring of advanced low carbon technologies through the Joint Crediting Mechanism (JCM), etc.” he said.