Green flavour to Japan's stimulus package, COP 15

Release Date: 2009-03-18

Japanese Finance Minister Kaoru Yosano announces his country will create a five billion USD fund to stimulate Asia's economies. Solar energy and other environmental projects will be favoured.

Solar power systems, water supply and other environmental infrastructure will be the top priorities for lending from a new fund created by Japan.

The initiative, adding five billion USD to a one billion USD fund already announced by Japan last month for similar purposes, was announced by Finance Minister Kaoru Yosano during an international meeting in the UK. Ministers from a number of the G20 countries are gathered in Horsham to prepare the G20 summit in London next month.

According to Reuters, Japan will offer the money over the next two years for projects mainly in Asia. The loans will be made through the Japan Bank for International Cooperation. The government intends the funds to stimulate Asian emerging economies and improve infrastructure in the region.
Type: NORMAL
Company: COP 15
Country: Denmark
Url: http://en.cop15.dk/news/view+news?newsid=883
 
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