Japan adopts 15 'bilateral offset mechanism' projects
TOKYO —
The Ministry of Economy, Trade and Industry said Tuesday it has adopted 15 projects in nine countries, such as geothermal power generation in Indonesia, under a ‘‘bilateral offset mechanism’’ to earn carbon credits in return for the transfer of advanced Japanese technologies to reduce carbon dioxide and other greenhouse gas emissions.The ministry is holding talks with the governments of the nine countries to pave the way for the projects, which will be undertaken primarily by private Japanese companies including Tokyo Electric Power Co, Toshiba Corp and Mitsubishi Corp, METI said. The 15 projects consist of four for Indonesia, two each for Vietnam, the Philippines, India and Thailand, one each for China and Peru and energy saving by cement plants in Laos and Myanmar.
Among participants in the mechanism, Tokyo Electric will build a highly efficient coal-fired power plant in Vietnam which will discharge 500,000 tons less CO2 per year than conventional coal-fired plants
No comments:
Post a Comment