The government of Japan has committed ?500 million or approximately P215-million official development assistance (ODA) for the production of eco-friendly vehicles, among them electronic vehicles.
Japanese ambassador Toshinao Urabe and Department of Foreign Affairs secretary Albert F. Del Rosario have exchanged notes for the ?non-project grant aid,? which aims to contribute to the reduction of environmental pollution in the Philippines caused by greenhouse gas (GHG) emissions.
Specifically, the project is intended to provide eco-friendly products that will promote the development of the Philippines through the use of Japanese technology such as hybrid vehicle (HV), plug-in hybrid electric vehicle (PHEV), electric vehicle (EV) and clean diesel vehicle (CD).
The Japanese aid offers foreign currency funding for importation of goods such as industrial materials that will address a specific concern of a developing country. — PIA