Japan PM vows to phase out coal-fired power at climate summit --- Kyodo News

DUBAI — Prime Minister Fumio Kishida pledged Friday to take necessary measures to reduce Japan's reliance on coal-fired power generation, aiming to achieve its commitment to realizing carbon neutrality by 2050. In a speech at a U.N. meeting on climate change in the United Arab Emirates, Kishida added Japan plans to enhance financial support for international lenders to aid developing nations in securing funds to tackle environmental issues. Kishida, who promised to work with other countries to "triple" the global volume of green power, is in Dubai to attend a summit-level gathering of the 28th session of the Conference of the Parties to the U.N. Framework Convention on Climate Change, or COP28. Kishida, meanwhile, said Japan will help establish a new fund within the African Development Bank, and is ready to expand loan capacities for the World Bank and the Asian Development Bank by around $9 billion. He added Japan will host the first summit meeting on reducing carbon emissions with Association of Southeast Asian Nations members later this month, as the country has introduced the "Asia Zero Emission Community" framework. On Thursday, the opening day of the COP28 conference, Japan vowed to contribute $10 million to a new international fund to support developing nations incurring loss and damage caused by climate change.

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