OECD Home › Development Co-operation Directorate (DCD-DAC) › Peer reviews of DAC members › Japan - DAC Peer Reviews of Development Co-operation
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Progress of Japan's Cool Earth Partnership between 2008 and 2009The Cool Earth Partnership fund will cost Japan JPY 1.25 trillion (USD 10 billion) in financial and technical assistance over a period of five years starting from 2008. It aims to support developing countries to reduce emissions (mitigation) and also assists countries suffering from severe adverse impacts from climate change (adaptation). Of the USD 10 billion committed, a total of USD 2 billion will be allocated to support adaptation measures and for access to clean energy (through grant aid, technical co-operation, and multilateral contributions). The remaining USD 8 billion will be allocated to mitigation measures (USD 4 billion in Cool Earth ODA loans, and USD 4 billion in other official flows and private funds). The initiative is implemented through a whole-of-government approach, building on Japan’s experience, expertise and technology. Between 2008 and (October) 2009, Japan established the Cool Earth Partnerships with 93 countries and regions, including 35 LDCs, and disbursed JPY 217.5 billion (JPY 104.5 billion as ODA and JPY 113 billion as other official flows). This represented 17.4% of the total amount committed. METI and MoFA were responsible for allocating most of those Cool Earth funds, accounting for 47.3% (JPY 102.9 billion in as other official flows and ODA) and 45.5% (JPY 99 billion in ODA) respectively. The rest was provided by MoF, MAFF and MOE. With the change in government, the Cool Earth Partnership was replaced by the new Hatoyama Initiative (involving a total of JPY 1.75 trillion or approx. USD 15 billion over three years). According to MoFA, the unmet JPY 1 trillion pledge of the Cool Earth Partnership will be entirely shifted to the 1.75 trillion Hatoyama Initiative. |
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