Climate change in Japan of crude oil annually must reduce emissions by 15–20% of the average volume from the three years before this bylaw. Even with emissions trading or cap-and-trade, if the targeted reduction not is achieved by 2020, a penalty of up to JPY500,000 will be charged. This penalty chargeable regulation is the first in Japan. Japan created the Kyoto Protocol Target Achievement Plan to lay out the necessary measures required to meet their 6% reduction commitment under the Kyoto Protocol. It was first established as an outcome of the evaluation of the Climate Change Policy Program carried out in 2004. The main
Climate change adaptation change agreement, commits developed countries to goal of sending $100 billion per year to developing countries in assistance for climate change mitigation and adaptation through 2020. This agreement, while not binding, would dwarf current amounts dedicated to adaptation in developing countries. This climate change fund is called the Green Climate Fund from the 2010 United Nations Climate Change Conference. Many developing countries prioritize economic development over addressing the issue of climate change, as they are more concerned about pre-existing problems such as poverty, malnutrition, food insecurity, availability of drinking water, indebtedness, illiteracy, unemployment, local resource conflicts, and lower technological development.