１）Japan has announced the “Actions for Cool Earth 2.0,” namely, “ACE 2.0” at COP 21. Japan will provide, in 2020, 1.3 trillion yen (about USD 11.6 billion) of public & private climate finance, 1.3 times up from the current level, to developing countries. The Japanese Government had been a major supporter of GCF and pledged USD 1.5 billion for the Fund.

２）In the two years from 2015 to 2016, the total of public finance (ODA and OOF) and private finance was approximately USD 23.3 billion.

· In 2015, Japan decided to contribute 1.5 billion yen to GCF.

· Japan contributes approximately USD 2.5 million annually to CCAC: Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants (CCAC).

· In 2017, Japan contributed USD 5 million to Capacity-building Initiative for Transparency (CBIT).

Specific initiatives include the following:

– Bilateral ODA

Japan implemented 434 projects for 91 countries based on the demands and needs of the recipient countries in 2015 and 2016. In particular, Japan focuses on supporting adaptation of vulnerable island countries and provided USD 44.1 million for adaptation support to the countries.

– Diffusion of Low Carbon Technology by market mechanism (the Joint Crediting Mechanism (JCM))

Japan has signed bilateral documents on JCM with 17 countries and implemented more than 120 projects of GHG emission reduction and absorption. In result, the cumulative amount of emission reduction and absorption is estimated about 700 million t CO2 (direct effect up to the year 2030).

– Greenhouse gases Observing SATellite (GOSAT)

Japan contributes to refinement of climate change prediction by continuous observation of global greenhouse gas concentration with our satellite “IBUKI” (GOSAT)

3）In May 2015, the Government of Japan and GCF signed a contribution arrangement confirming the conversion of Japan’s pledge of USD 1.5 billion equivalent. It was considered to bring the Fund over the 50 percent threshold required to start allocating its resources for projects and programs in developing countries.