Yes. Aerobic exercise. Unless the very thought makes you shudder and want to hide under a rock. In that case, no.
The greatest myth you will encounter when searching for an answer to this question is people telling you of various ways to target the stomach fat. Fat can not be targeted. Muscles can be targeted, fat can not. Regardless of what part of your body is doing the work, it will burn fat from anywhere to get the energy. It does not matter what kind of aerobic exercise you do so long as you get your heart rate up for a good sustained period of time. I would suggest running. I have yet to see an avid runner with a belly.