Japan Signs First Bilateral Emissions Offset Pact With Mongolia
Japan signed an agreement with Mongolia to help offset its greenhouse gas emissions, the Ministry of the Environment said in a statement today.
The agreement is the first of its kind as Tokyo seeks to develop similar bilateral offset-credit mechanisms with countries including Indonesia, Vietnam and Bangladesh.
Under the bilateral mechanism, Japan will cut carbon dioxide emissions by setting up energy-management systems and forest-protection projects in developing countries using Japanese technologies.
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