Japan commits US$60.0 billion to tackle climate emergency from 2021-2025 during G7 Summit

During the G7 Summit in the UK, Japan announced it will commit ¥6.50 trillion (US$60.0 billion) from 2021-2025 to tackle the climate emergency, which would be about ¥1.30 trillion (US$11.8 billion) per year.

The funds will be used to decrease greenhouse gas emissions, support the development of renewable energies, establish preventative measures for countries impacted by climate change, and help establish basic infrastructure and develop human resources.

Press release - Ministry of Foreign Affairs