Bloomberg News

Japan Signs First Bilateral Emissions Offset Pact With Mongolia

January 08, 2013

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.

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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