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Japan will be providing $3 billion in aid over the next three years to developing countries who are trying to work towards a green economy, according to Japanese Foreign Minister Koichiro Genba.
Addressing the United Nations Conference on Sustainable Development (Rio+20), the Japanese foreign minister pledged for the support for a sustainable development. He also urged other countries present at the Summit to help contribute in similar ways to create an economy with efficient use of energy and resources.
The Rio+20 Earth Summit is being organized in Rio De Genrio, Brazil and more than 100 government leaders are present at the conference, deliberating on the issues of climate change and balance economic development and environmental conservation. Ban Ki-moon, the UN Secretary-General, lauded the efforts of the Japanese government post Fukushima disaster, and said that it was great to see that Japan wants to support developing countries work towards a green economy.
The UN Secretary-General said that the government in Japan was serious about harnessing renewable energy, and recently approved significant pricing incentives for power developers looking to provide energy from sources like solar and wind, and now the country is on the tip of billions of dollars in investment pouring in from companies both inside Japan and out.
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