ASEAN to receive $10bn decarbonization support from Japan
Agreement on initiative for investment, renewables and conservation expected in June
Sunny Bangchak solar farm in Chaiyabhum Province, Thailand. The solar farm is part of the Provincial Solar Power Project aimed to diversify Thailand's energy mix through the addition of renewable energy capacity. (Photo courtesy of ADB)
TOKYO -- Japan is preparing to launch a new initiative aimed at helping the 10-member Association of Southeast Asian Nations cut greenhouse gas emissions and realize a decarbonized society.
Tokyo will take the lead in compiling a road map to decarbonization, set up a public and private investment and loan facility of $10 billion, and encourage development of renewables and stronger energy conservation measures, government sources said.