Climate Change / Global Warming & Investing Implications

[sarals]

Japan gives $100M to global warming fight

KYOTO, Japan, May 6 (UPI) -- The Japanese government Sunday said it has donated $100 million to the Asian Development Bank as part of its efforts to fight global warming.
Japanese Finance Minister Koji Omi said the funds will be used both to fight global warming and to increase the Asia-Pacific region's investment climate, the Kyodo news agency reported.

"Japan will establish two funds in cooperation with the ADB... I expect this initiative will help ensure sustainable economic development in the region," he said.

Known as the Investment Climate Facilitation Fund and the Asian Clean Energy Fund, the donation also represents the most recent aspect of Japan's "Enhanced Sustainable Development for Asia" initiative.

Omi also said that while Japan continues to make environmentally-friendly strides, other nations like the United States and China must follow suit.

"More efficient use of energy and the reduction of carbon dioxide emissions in Asia are necessary for achieving sustainable growth not only in the region but also in the world," he said.


http://www.upi.com/NewsTrack/Top_News/2007/05/06/japan_gives_100m_to_global_warming_fight/