Japan Seeks Pacts With Indonesia, Mongolia to Offset Emissions
Japan is seeking agreements with Indonesia and Mongolia to help offset its greenhouse gas emissions by the end of the year, a government official said.
Japan wants to sign the technology-transfer pacts with the countries by the end of this year, Masaya Okuyama, an environment ministry official in charge of climate change, said by phone today. Japan is also trying to get similar agreements with Vietnam and Bangladesh by early next year, he said.
Tokyo is developing a bilateral offset-credit mechanism to cut carbon dioxide output by setting up energy management systems and forest protection projects in developing countries with Japanese technologies. Japan has conducted feasibility studies in 30 countries, according to the foreign ministry’s website.
Japan aims to use the mechanism to complement the Clean Development Mechanism, a United Nations-backed program that’s one of the pillars of the global carbon market.
At UN climate talks in Doha, Japan will promote the bilateral program as a way to reduce greenhouse gases, Environment Minister Hiroyuki Nagahama said today.
“If Japan’s technology provided to other countries can reduce the impact of carbon dioxide, that means Japan plays an important role as a developed nation,” he said.
To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net
Japan wants to sign the technology-transfer pacts with the countries by the end of this year, Masaya Okuyama, an environment ministry official in charge of climate change, said by phone today. Japan is also trying to get similar agreements with Vietnam and Bangladesh by early next year, he said.
Tokyo is developing a bilateral offset-credit mechanism to cut carbon dioxide output by setting up energy management systems and forest protection projects in developing countries with Japanese technologies. Japan has conducted feasibility studies in 30 countries, according to the foreign ministry’s website.
Japan aims to use the mechanism to complement the Clean Development Mechanism, a United Nations-backed program that’s one of the pillars of the global carbon market.
At UN climate talks in Doha, Japan will promote the bilateral program as a way to reduce greenhouse gases, Environment Minister Hiroyuki Nagahama said today.
“If Japan’s technology provided to other countries can reduce the impact of carbon dioxide, that means Japan plays an important role as a developed nation,” he said.
To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net
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