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Japan to Fund Studies on Overseas CO2 Offset Projects (Update1)
2010-10-20 06:04:47.167 GMT
(Updates with bilateral talks in third paragraph.)
By Tsuyoshi Inajima
Oct. 20 (Bloomberg) -- Japan's government will study the
feasibility of using overseas projects including nuclear power
plants to offset the country's carbon emissions, the trade
ministry said in a statement.
The government will provide 260 million yen ($3.2 million)
to study 15 projects including a possible nuclear power plant in
Vietnam, the statement said.
Japan has started talks with Vietnam, Indonesia, India and
the Philippines as it seeks bilateral agreements to help it earn
emissions reduction credits.
Japan, the world's fifth-biggest carbon dioxide emitter in
2008, wants to use offsetting to help it meet a target to cut
greenhouse gas emissions by 25 percent from 1990 levels by 2020.
For Related News and Information:
Top Renewable Energy Stories: GREEN <GO>
Clean Development Mechanism Projects: CDM <GO>
Company News: 9501 JP <Equity> CN <GO>
--With assistance from Stuart Biggs in Tokyo. Editors: Aaron
Sheldrick, Ryan Woo.
To contact the reporter on this story:
Tsuyoshi Inajima in Tokyo at +81-3-3201-2059 or
tinajima@bloomberg.net
To contact the editor responsible for this story:
Aaron Sheldrick at +81-3-3201-3241 or
asheldrick@bloomberg.net
