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Posted on Sustainabilitank.info on February 20th, 2010
by Pincas Jawetz (pj@sustainabilitank.info)

Kenya to get ¥29 billion in Yen – for power plants. (about $213 million, at today’s exchange rate, out of a $5 billion foreign aid allocation for 2010 climate expenditure by Japan.)
Kyodo News, Sunday, Feb. 21, 2010

Prime Minister Yukio Hatoyama has unveiled plans to provide Kenyawith ¥29.5 billion in yen-denominated loans for a thermal power plant project there as part of Tokyo’s support for the east African country’s efforts on climate change.

Hatoyama and visiting Kenyan Prime Minister Raila Odinga agreed Friday in their talks in Tokyo to cooperate in building momentum for the next key U.N. climate conference to be held in Mexico from late November to early December.

Japan plans to implement the loan by the end of next month, a Foreign Ministry official said.

Odinga praised Hatoyama for Tokyo’s $15 billion offer for poor, vulnerable nations to tackle climate change over the three years through 2012 under the Hatoyama Initiative, calling it a voice of reason that emerged amid clashing interests and discord.

He said a nonbinding accord reached at the key U.N. climate conference in Copenhagen in December has become a good starting point and the foundation for the next round of talks in Mexico.

“I was very encouraged by hearing that Kenya approved the Copenhagen accord,” Hatoyama was quoted by the official as telling his Kenyan counterpart, adding he wants to cooperate with Odinga in working to produce a binding accord at the next talks.

Odinga said in June Kenya plans to host the next summit of the so-called Climate Vulnerable Forum, which groups 25 countries facing the threat of climate change impacts such as rising sea levels.

The Kenyan leader called for Japanese support and invited Hatoyama to take part in the June event.

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