Japan to back targets for new climate deal: report - Reuters

[Eugene]

Source: Reuters

Japan to back targets for new climate deal: report
Sat Dec 29, 2007 11:22pm EST

TOKYO (Reuters) - Japan will accept numerical targets
to cut global warming emissions in a new climate change
pact, reversing its stance which came under fire at this
month's U.N.-led talks over the deal, a newspaper
reported on Sunday.

The Mainichi Shimbun said Japan plans to present a
proposal to divide nations into not only developed and
developing countries, but also into a third group, that
would include China and India, and set targets for each
group.

Japan will also set up a five-year, $10 billion "finance
mechanism" to back up developing nations' efforts to
tackle global warming with low-interest loans, the paper
said.

-snip-

Mainichi said Japan, which will host next year's Group
of Eight summit and has made the environment as its top
agenda, decided to change its position after seeing the
international outcry.

-snip-

Read more: http://www.reuters.com/article/environmentNews/idUST29671520071230