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Funding Options for Adaptation
 
Cool Earth Partnership
Funding Source Government of Japan
Focal Sector/s Food security, agriculture, forestry and fisheries; water; population and human settlements
Nature of Disbursement Loans, technical assistance
Cofinancing No
Eligible Region Africa, Asia-Pacific, South and Central America, Small Island Developing States, Least Developed Countries
Summary Note The Cool Earth Partnership is funded by the Government of Japan. Starting in 2009, Japan will provide funds amounting approximately to US$ 10 billion (JPYen 1,250 billion) in aggregate over the next five years.  Assistance will be provided to developing countries, which are vulnerable to the adverse effects of climate change (e.g. African and Pacific island counties), to take adaptive measures (e.g. measures against disasters related to climate change (including disaster prevention) such as droughts and floods, planning of adaptation measures). Grant aid, technical assistance and aid through international organizations will be provided to address the needs in developing countries. A new scheme of grant aid, "Program Grant Aid for Environment and Climate Change", will be created as a component of this package. In the context of improved access to clean energy, feasibility study on rural electrification projects with geothermal energy and "co-benefit" projects that address climate change will be conducted.
Examples Climate Change Program Loan (Cool Earth Program Loan), on which the Government of Japan and the Government of Indonesia agreed, is the first case of Climate Change-related ODA loan up to the total amount of 300 million U.S. dollars with special preferential interest rate based on the Cool Earth Partnership. The Indonesian Government has made its full efforts to address climate change issues with formulating the National Action Plan Addressing Climate Change which includes targets and action plans various sectors, including the Water Resource Management Sector. In order to optimally develop watershed management that is well adapted for climate change effects, measures will be taken as follows: (1) Formulation of the Integrated Water Resource Management Plan (2) Establishment of National Water Council which coordinates various interests among stakeholders and functions as the center point in formulating the facility-building plan.
Contact details for further information Ministry of Foreign Affairs of Japan
Kasumigaseki 2-2-1, Chiyoda-ku,
Tokyo 100-8919, Japan.
Tel: +81- (0) 3-3580-3311
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