First Credits Issued in Japan Carbon Offset Programby
Japan to cut emissions by offering technologies, services
Environment ministry has 57 other projects that will apply
The Japanese government acquired carbon credits from two energy-saving projects in Indonesia, marking the first time for Tokyo to receive such credits since it began a bilateral offset program through technology transfers in 2013.
Under the Joint Crediting Mechanism, Japan will cut carbon dioxide emissions by offering its technologies and services for areas such as energy management and renewable energy in developing countries.
Two projects to install more efficient freezers for food factories in Indonesia led to the issuance of 40 tons of credits for the six months through July 31, 2015, the Ministry of the Environment said in a statement Friday.
Of that, the Japanese government received 27 tons and Mayekawa Manufacturing Co., a Tokyo-based company that provided the technology, received four tons, according to Takaaki Ito, deputy director of the office of market mechanisms, at the ministry.
Mongolia became the first country to sign an agreement with Japan in 2013 for the bilateral offset program. The number of partners has risen to 16 countries, including Kenya, Vietnam, and Thailand, according to the statement.
The environment ministry has 57 other projects that will apply for registration under the joint-mechanism program or seek to acquire credits, the ministry said.