Bloomberg News

East Asia Summit Nations Discuss Cooperation to Reduce Emissions

April 16, 2012

Climate officials representing the world’s top five carbon dioxide emitters agreed to work on a platform for promoting research and sharing information on how to cut emissions.

Japan hosted a conference in Tokyo yesterday on sustainable economic growth using less energy and emitting less greenhouse gas with officials from 18 East Asia Summit member countries. The members, including Russia and the U.S., account for about 63 percent of global emissions, according to the foreign ministry.

Officials discussed the importance of low-carbon technologies, financial support and market mechanisms, according to a statement by Japanese Foreign Minister Koichiro Gemba and Rachmat Witoelar, Indonesian president’s special envoy for climate change who co-chaired the meeting.

Gemba proposed considering a new market mechanism in his speech yesterday. Japan has been pushing for a bilateral offset credits mechanism to provide clean energy technologies to developing countries. The five largest emitters are China, the U.S., India, Russia and Japan.

To contact the reporters 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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