Clean Energy, Cleantech venture capital, Climate Change, Japan, Solar, U.K., U.S., Wind

Japan may invest $1.93 billion in climate fund

March 3, 2008 (Reuters) – The fund, to be set up jointly with the United States and Britain, is expected be the largest ever of its type, with total investment of about 500 billion yen ($4.82 billion), the Nikkei said.

By investing in technologies such as wind and solar power in less developed countries, participating governments hope to encourage private finance to follow suit, the newspaper said without identifying its sources.

The British government last year announced 800 million pounds in support for the fund over three years, while the United States said this year it would provide $2 billion, also over three years, the Nikkei said.

Spain and other European nations are considering participating, it said.

Japan’s finance ministry is likely to make an announcement on Tokyo’s contribution at a meeting of G7 finance chiefs and central bank governors in Washington in April, the newspaper said.

Japan, this year’s host of the G8 summit of industrialised nations, is trying to take a lead on climate change and media reports say the government is planning a 16-nation leaders conference on the issue in parallel with G8.

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2 thoughts on “Japan may invest $1.93 billion in climate fund

  1. chummy mah says:

    How serious are the Japaneses concerned with the Bio energy ?.
    Japanese government have never announced any mandatory to utilize the bio energy either Bio diesel or Bio ethanol.

  2. That’s good for Japaneese to invest such funds in green energy, And what dit US to support that field ?
    Thanks for that post and thanks also to go green and clean energy. There are essentially 4 main things you need to know about Wind Power Energy: How to setup your system properly. How to maintain your current system or the one you will build How to cure problems with your system How to keep your system working like NEW over the years ”WindPoweCost.org” covers all of this, and a lot more. And when you read it, you’ll be BLOWN AWAY with how simple it really is to build and maintain.

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