Monday, Oct. 26, 2009
Indonesia may get $400 million from Japan to combat warming
HUA HIN, Thailand (Kyodo) Prime Minister Yukio Hatoyama said Sunday his administration is considering offering Indonesia a yen loan worth $400 million to help it address climate change, a senior Japanese official said.
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If implemented, it would be the first such arrangement as part of the "Hatoyama Initiative," under which Japan will provide financial and technical assistance to developing countries in fighting climate change.
"I would like the yen loan to be used for measures to tackle climate change, and hopefully it would be used in a measurable and verifiable manner," Hatoyama was quoted as telling Indonesian President Susilo Bambang Yudhoyono when they met on the sidelines of ASEAN-related summits.
Hatoyama also said Japan will "spare no effort to offer technical support," such as assistance for improving energy efficiency.
Yudhoyono thanked Hatoyama for the offer while noting that Indonesia is working to reduce carbon dioxide emissions and would also like to address deforestation.
Hatoyama revealed his initiative at a U.N. climate change summit in September.