Japan to reduce greenhouse gas emission by 46% in next 7 years

By Anadolu staff

Japanese Prime Minister Fumio Kishida announced on Friday that his country is committed to reducing its greenhouse gas emissions by 46% by 2030.

Speaking at the UN climate summit, commonly known as COP28, in Dubai, the United Arab Emirates, Kishida said it's time for all countries to achieve the common goal of net-zero, through various pathways.

Dubai is hosting the two-week UN climate summit, attended by approximately 70,000 delegates from around the world.

"Japan aims to reduce its greenhouse gas emissions by 46 percent by 2030, and will continue strenuous efforts in its challenge to meet the lofty goal of cutting its emission by 50 percent. Japan has already achieved a reduction of approximately 20%, Japan’s reduction is on track," he said, according to a transcript published on his official website.

The Japanese premier said Tokyo will end the new construction of domestic unabated coal power plants, while securing a stable energy supply.

"Our commitment to mobilize up to approximately $70 billion climate finance from both public and private is also on track," he said, adding that Japan is ready to contribute to the expansion of lending capacity totaling approximately $9 billion through the provision of credit enhancements to the World Bank and the Asian Development Bank.

"We will also make contributions to the new fund of the African Development Bank," said Kishida.

*Writing by Islamuddin Sajid